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France seeks €300bn rescue fund for Europe

Discussion in 'Economics and Financials' started by joeydolfan, Oct 2, 2008.

  1. joeydolfan

    joeydolfan Season Ticket Holder Club Member

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    "France heaped pressure on Gordon Brown last night by floating an ambitious plan for a €300 billion (£237 billion) bailout fund to rescue crippled banks across Europe.

    As the world held its breath on the fate of America’s $700 billion bank bailout plan, President Sarkozy was seeking the backing of European leaders for his own lifeboat.

    Mr Brown also faced demands for action from British banks, furious that the Irish Republic’s unilateral guarantee of all bank savings on Tuesday was robbing them of precious deposits. The British Bankers’ Association, which represents high street banks, said that the move was anti-competitive and that it was raising the issue with Dublin. Some banks would like to see the UK respond with its own explicit guarantee."

    France seeks €300bn rescue fund for Europe - Times Online


    Sound familiar to anyone? Ah yes, the smell of socialism like a fine wine.
     
  2. texasPHINSfan

    texasPHINSfan New Member

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    i am interested in the fact that surely the entire world is watching what we do... this includes the experts and professionals in the other countries. You'd think they'd learn from our mistakes, make improvements, and perhaps find other or better solutions.

    i guess not eh?
     
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  3. mnfinfan

    mnfinfan Active Premium Member Luxury Box

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    This is the French we are talking about here....:lol:
     
  4. texasPHINSfan

    texasPHINSfan New Member

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    i guess this bill is the proverbial French "white flag" legislation eh? :lol:
     
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  5. mnfinfan

    mnfinfan Active Premium Member Luxury Box

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    yup :lol:
     
  6. Pink_dove

    Pink_dove Burning coal Luxury Box

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    Oh surely that's the case. Seems like the world is always watching the USA, and learning from their mistakes, making improvements, and perhaps find other or better solutions. Never the other way around. :wink2:

    How We Became the United States of France - TIME

     
  7. texasPHINSfan

    texasPHINSfan New Member

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    haha, glad to see you make an appearance in here PD!

    obviously we're speaking in jest, keep in mind :up:
     
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  8. Pink_dove

    Pink_dove Burning coal Luxury Box

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    I know Tex, it's all in good fun. :wink2: :up:
     

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