Janet Albrechtsen | October 15, 2008 IT would be tempting to believe that European leaders had finally settled on a co-ordinated plan to confront the global financial crisis. At Sunday's meeting in Paris, Eurozone leaders agreed to pump billions into tottering banks and underwrite inter-bank loans. French President and European Union head Nicolas Sarkozy said that "we need unity, which is what we achieved today". Click, click, went the cameras. Out of shot, Europe has in fact behaved like a dysfunctional family. Here's the timeline of proof. The rebellious Irish kicked off the disunity a few weeks ago with its E400 billion ($770 billion) bank guarantee scheme for Ireland's six biggest banks. The Brits and EU honchos in Brussels were miffed that Ireland's unilateral action put pressure on others to follow suit to avoid a flood...
[read full story]
Your Web Site
