Brian Swint and Stephanie Bodoni at Bloomberg state that “European finance ministers failed to agree on steps to shore up the banking system hours after their countries’ leaders pledged to do whatever was needed to restore confidence as the continent’s stocks fell the most since 1987. There appeared to be little support for suggestions from France and Italy that Europe create a U.S.-style bank rescue fund at yesterday’s monthly meeting of euro-area finance ministers in Luxembourg.” Read the article here.
