Business, Finance & Economics

Europ moves to shore up banks

European leaders marched out before reporters in their capitols to talk about shoring up central banks in Europe. Now they're all acting to shore up shaky banks, guaranteeing credit and trying to brush aside differences they might've had. That's a relief for this expert at the International Monetary Fund. There are differences in the size and scale of each country's package, but the ideas are all similar. This French economist saw the effects immediately. So finally this is some good news. But in Britain, there are signs this may not be enough. But Gordon Brown still believes eventually that one global financial watchdog would succeed in helping right the financial crisis. More cooperation, more integration, more government involvement�that's the way government has been moving in tackling this crisis. Members of the European Union are going to gather for another summit on Wednesday.

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