European commission wants tighter regulation of the financial sector (02.10.2008) je 08
Michael BärOctober 2, 2008
As the financial crisis continues, there are reports the French government is going to propose a 300- Bbillion euro bail-out package for European banks. The French economics minister, however, has denied the existence of any such plans and the Germans say they are opposed to them. EU leaders are due to meet central bank bosses from Italy, France, Germany and the UK on Saturday to discuss the situation on financial markets. And in Brussels, the European commission is working on a proposal for tighter regulation of the financial sector.