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yesterday, although the global" Black Monday "stock market a slight rebound in Europe, but the growing financial crisis, countries in Europe" since everyone sweep in front of the snow, "" The move to rescue the market is still very much Xinyou investors. Although both countries have maintained a high degree of vigilance, such as the financial crisis has spread to Europe like a virus.

Although European countries have frequently taken measures to deal with, but so far, are" fighting man "or a few countries with the joint interim, the European Union level, the lack of overall coordination, more difficult to like the United States out of 700,000,000,000 package of the rescue package. Analysts believe that in view of the European economy on the financing of the banking system to rely on a higher level of the European Union as soon as possible, do not follow the example of the United States to help rid banks of bad loans to ease the credit crunch situation, the financial crisis on the impact of Europe than the United States and even the impact of a more serious .

Many of the industry have called the current financial crisis is not the government launched a program to rescue the market will be able to solve the problem, it needs global financial markets, the main participants in the consultations should be common.

Speed up the rescue plan to start funding the expansion of the Federal Reserve to

Although 700,000,000,000 U.S. dollars to rescue the market has settled down, but in order to stabilize the confidence of investors, the U.S. government on the 6th is still committed to further aid program as soon as possible and to take concrete ways to implement a series of practical actions. For the detailed implementation of the program, the Ministry of Finance on Wall Street for help, the company intends to finance a number of employment programs to help control the implementation process, were responsible for the mortgage-related securities and loans, and other business services. 6, the U.S. Treasury Department announced the selection of Wall Street firms and outsourcing companies to coordinate the interests of a set of principles.

The Bush administration announced on the 6th, instructed the Ministry of Finance for International Affairs Assistant Minister Shen Kali Nier Ka-led interim set up a new department," the Office of Financial Stability. " The 35-year-old Kashenkali Treasury Secretary Henry Paulson is a senior consultant, joined the former Ministry of Finance at Goldman, Sachs & Co. served. The Federal Reserve has also decided that day to start for the bank reserve requirement to pay interest and announced that it may expand the scale of the banking industry's loan to 900,000,000,000 U.S. dollars.

At the same time, 6, the Federal Reserve announced the approval of Japan's largest commercial banks, Mitsubishi UFJ Financial Group to buy Morgan Stanley stock. U.S. Federal Reserve said in a brief statement that the committee agreed that Mitsubishi UFJ Financial Group Morgan Stanley to buy up to 24.9 percent of the voting stock. As the second-largest U.S. investment bank. Sept. 21, hit by the financial crisis hit the United States, as well as Morgan Stanley's largest investment bank Goldman Sachs was approved by the Federal Reserve, to the bank holding company. In this way, the two companies will be able to set up branches in savings deposits, but can also enjoy the give the Federal Reserve Bank of financing treatment.

, Including U.S. Treasury Secretary Paulson and Federal Reserve Chairman Ben Bernanke," the President of the Working Group on financial markets, "said that" in Force made a number of fronts "for the implementation of the National Assembly of the financial aid granted the motion of the government broad powers.

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Large-scale financial institutions in an emergency frequency busy central banks injected

Although all countries have maintained a high degree of vigilance, but the financial crisis has been such as the spread of the virus. A week before the European countries to help the United States also plans to tide over their difficulties; However, a week after the financial crisis and surging to their vulnerable. In the past few days, the major European financial institutions, frequently in an emergency. Business coverage of the Netherlands, Belgium and Luxembourg the three countries of the insurance giant Fortis Bank Group 6 has been officially take over the bank in Paris; the same week, the Government of Iceland has also bought the Italian bank UniCredit, the bank in Milan, Germany and Eastern Europe and other countries have set up Business. In Germany, the German government last week announced that the country's troubled mortgage lender Hypo Real Estate Holdings to take a new rescue plan, the total size of 500 million euros. In the banking sector crisis against the backdrop of the European inter-bank lending market to freeze into Monday.

Fast in the face of the fury of the financial crisis, the European Union countries over the past few days were forced to take a massive injection of funds by the nationalization of" drastic action "to help domestic financial institutions to ride out the storm. As the real estate mortgage banking and credit companies by a new round of financial turmoil has suffered serious losses, Germany's financial situation is grim. The German government to save people's confidence in the maintenance of financial stability have introduced a number of contingency measures. German Chancellor Angela Merkel said that the government will not allow a single financial institution to the plight of the entire financial system into a difficult situation. But German Finance Minister Peer Stein admitted that the German real estate financing to rescue mortgage bank were not sufficient to keep Germany's long-term stability of financial markets, Germany's financial markets are still in high-risk period.

British Chancellor of the Exchequer Darling said the evening of 5, in Britain's political parties and groups in support of the central bank to conduct on the part of the nationalization of the banking industry under the premise to begin to consider using taxpayer money to the troubled British financial institutions to provide relief. Despite the current UK inflation remains high, but in order to meet the Government's financial rescue plan, the Central Bank of the United Kingdom --- Bank of England is expected to make a rate cut this week. Analysts predict that the Bank of England is likely to 9 announced that it would lower the benchmark interest rate by 0.5 percentage points to 4.5 percent.

In the face of the United States spread to Europe's financial crisis, France's taken a relatively cautious approach. Law on The Government has always stressed France's financial system sound, major banks in the main business continues to be savings, investment bank and the loan-to-business meeting is not more. So far, the French government on the bank's assistance is limited to capital Fabius joint venture Deke Xia Bank. Credit Agricole, Societe Generale and other large financial institutions, mainly relying on its own strength and increase their equity. France has also taken a number of indirect measures to help as a result of the credit crunch and troubled small and medium enterprises and individuals. French President Nicolas Sarkozy announced on the 6th, the national bank depositors will not let any loss. This means that France will provide full guarantees of personal deposits.

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Man battle is far from Sarkozy called on the EU to save the city

Although many European countries attempt to save the city, but so far, are" fighting man "or a few countries with the joint interim, the European Union level, the lack of overall co-ordination. 6, the EU presidency, French President Nicolas Sarkozy said on the 6th, he will work to persuade other members of the European Union and France, Germany, Britain and Italy together, as the crisis before the action. The same day the EU member states said in a statement, EU member states will take all necessary measures to ensure financial system stability, including by the Central Bank an inflow of capital for individual banks to take measures to protect depositors and deposits. EU leaders admit, it is necessary to take these measures, EU countries need to cooperate closely.

However, this statement does not mean that European countries will make concerted efforts to combat the financial crisis. Last week, Ireland announced that the first domestic security agencies of all personal savings deposits of security. Ireland's measures led to the start of dissatisfaction with the other members of the EU, that the program would undermine fair competition between banks. But the ironic thing is, as of yesterday, there have been Belgium, Germany, Greece, Italy, France and other EU member states to adopt similar measures.

4 in the mini-summit on European Union, France, Germany, Britain and Italy, stressed that although the leaders of various countries in response to financial crisis should be to strengthen the coordination, but the meeting did not change the members of the" fragmentation "of the situation , The leaders rejected an American-style program to rescue the market, not the United States issued a similar 700,000,000,000 U.S. dollars of financial aid programs.

While Italy, France and other EU countries tend to save the market, France has even proposed earlier by the EU member states jointly funded the establishment of a total 3,000 billion euros in funds for troubled financial institutions to implement a unified European Union aid program, but Britain and Germany's strong opposition, which declared bankruptcy. The German government believes that the troubled financial institutions, they must be responsible for the acts of operation, the Government should not use taxpayer money to rescue them.

6 in the euro-zone finance ministers at the meeting to be held, the trend has not yet appeared alone substantive changes in the financial sector look forward to Europe by the pan-European financial aid has not yet revealed the dawn of the Fund. Spain's economic and finance minister galvez Pedroso said that the European Union U.S. copy 700,000,000,000 U.S. dollars rescue package meaningless, but that does not mean Europe can not find suitable for their joint rescue measures.

Although the EU refused to rescue the market Baotuan reasons vary, but analysts point out that this is subject to the EU's political structure. Although Europe's integration process continued to deepen, the EU is, after all, 27 composed of sovereign states, based on the situation of different countries, as relates to the immediate interests, first of all member states of mind is the natural self-protection.

Last week, 10 leading European economists warned that the joint, in view of the European inter-bank of the high degree of dependence on each other," one-man operations "or" temporary group ", although so far effective strategy, but far from enough. They believe that only the European Union level, rapid, coordinated action to stop the financial crisis out of control in Europe, the European Union should be on the systemic response to systemic crises, rather than a bank would save a bank.

While the market in Europe Baotuan to rescue the market higher voices, but the survey shows that the majority of European experts on the EU financial aid the formation of the program are not good. Some analysts believe that the European Union in the political and regulatory integration in the field has yet to be established to deal with the relationship between today's crisis. The European Central Bank is currently limited to the power of interest rates and monetary policy as a whole, but we do not have the right to private banking supervision.