Friday, May 7, 2010

Clearly as 1 Nation is bringing down many others the good old Credit Suisse Group seem to be having much more financial "fun".

European leaders have sought to convince fearful markets that the Greek debt crisis won't spread to other countries and derail the continent's hesitant economic recovery and wobbly joint currency.


France, Germany, Italy and Portugal approved Friday their share of a euro110 billion (US$140 billion) bailout to keep Greece from imminent default as the 16 leaders from countries using the euro headed for an evening summit in Brussels. Spain's government approved its share by decree with formal parliamentary approval expected next week.


Agreement on rescue for Greece "will be a demonstration of solidarity," French Prime Minister Francois FillonPrime Minister Francois Fillon said after a meeting with Portuguese Prime Minister Jose SocratesSocrates