Truthdig - Ear to the Ground - Markets Warm to Euro Bailout Plan

			November 9, 2009 Log in / Register
			Text Size

Happy Birthday, Pat Tillman

Kucinich: Why I Voted No

GOP Health Care Plan

When Voters Disrupt the Tea Party

Steve Fraser on the Crisis of Capitalism

When Voters Disrupt the Tea Party
By E.J. Dionne

Kucinich: Why I Voted No
By Rep. Dennis Kucinich

America Performs Its Familiar Role of Propping Up a Dictator
By Robert Fisk

Happy Birthday, Pat Tillman
By Kevin Tillman

Salvador Floods Kill More Than 90

Hezbollah, Fearing War, Digs In

Okinawans Step Up U.S. Base Protest

House Passes Health Care Bill

Massive Malaria Vaccine Trial Begins

The Real Unemployment Number: 17.5%

‘Daily Show’ Insta-Classic: What Lurks Within Glenn Beck?

‘Left, Right & Center’: GOP Scores; Unemployment Up; Fort Hood Fallout

Obama to Tribal Nations: ‘You Will Not Be Forgotten’

Glenn Beck Gets a (Satirical) Drubbing From The Onion

Steve Fraser on the Crisis of Capitalism
By Steve Fraser

Ni Hao, Mickey Mouse: Disney Goes to Shanghai

Anthropologist Claude Levi-Strauss, Father of Structuralism, Dies at 100

Inventing L.A.: The Chandlers and Their Times
By Bill Boyarsky

Financial Meltdown 101

A Dig compiled by the editors of Truthdig

Vetting Sarah Palin

A Dig compiled by the editors of Truthdig

Markets Warm to Euro Bailout Plan

Wikimedia Commons / Hk1992

Stock traders in Asia and Europe seemed to like the news that European governments will coordinate with one another as they throw cash at troubled banks. The euro zone plan was announced on the heels of similar British and American schemes.

EU leaders wanted to hatch their framework before Asian and European markets opened on Monday, and so far they have been rewarded for their promptness.

BBC:

European and Asian markets have rallied in response to efforts by world leaders to stem the recent financial turmoil.

London’s FTSE 100 index and France’s Cac 40 index both jumped more than 5%—tracking earlier gains on Asian markets. Bank shares led the advance.

Major central banks also made extra funds available and said they would take “whatever measures necessary” to end the crisis.

EU leaders said on Sunday no big bank would be be allowed to fail.

Read more

More Below the Ad

Advertisement

TAGS: asia bank banks crisis economy eu euro europe money plan

Related Entries

November 9, 2009 When Voters Disrupt the Tea Party
November 8, 2009 Kucinich: Why I Voted No
November 7, 2009 The Real Unemployment Number: 17.5%
November 6, 2009 Unemployment Breaks the 10% Barrier
November 6, 2009 Steve Fraser on the Crisis of Capitalism

Email to a friend

Get truth delivered to
your inbox every week.

Previous item: Turkey Bombs Northern Iraq

Next item: In a Previous Life, Palin Loved the Media

Elsewhere: .

Comments

Are you a Truthdig member yet? Login now, or register with Truthdig.

By wish i knew, October 13, 2008 at 4:31 pm #

while we have the biggest stock market rally in history, and more downturns likely ahead as the market fights to find some sort of realistic equilibrium, i found this interesting article about real tried and true alternatives to our current economic system…

http://www.progressivehistorians.com/2008/10/progressive-alternatives-to-current.html

Report this

By GW=MCHammered, October 13, 2008 at 10:35 am #
(Unregistered commenter)

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.”
~Thomas Jefferson 1802

Report this

By GW=MCHammered, October 13, 2008 at 10:32 am #
(Unregistered commenter)

Let’s see, government courts can order striking workers back to work but they can’t order banks to lend government-issued dollars according to lending laws. Bullshit! Tidal wave inflation, here we come.

Report this