European leaders are set to try to cobble together a response to the global financial crisis, at a mini-summit on Saturday.
French President Nicolas Sarkozy spent Friday laying the groundwork for the Paris meeting with leaders of Britain, Italy and Germany. Germany has rejected an idea floated by France for a 300-billion-euro European fund to shore up troubled banks. Both Germany and Britain have been reluctant to commit taxpayers' money to a Europe-managed fund. They instead advocate a case-by-case approach to rescuing financial institutions. European leaders hope to forge US authorities shut down Washington Mutual ...
US secure narrow lead over Europe ...
Benedict leads mass in Paris ...
Pope Benedict XVI making first Papal visit to France ... a common position on how to tackle the financial storm sparked by the US banking crisis, before the Group of Eight meeting of finance ministers in Washington next week.
(Deutsche Welle)
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