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fast in the face of the fury of the financial crisis, the United States and the European Union countries have recently been forced to carry out large-scale continuous injection of funds by the bank to provide large-scale measures to protect personal deposits, even under the" drastic action "to expect To save the financial markets. However, these measures are still not in the short term, I am afraid it will not be effective.

The United States is committed to speed up relief to start

6, the U.S. government commitment to the rescue as soon as possible the implementation of specific programs and approaches adopted a series of practical actions. Ministry of Finance will

take action as soon as possible, the implementation of the National Assembly recently passed 700,000,000,000 U.S. dollars rescue package program in an effort to help troubled financial companies, that the Ministry of Finance through the purchase of non-performing assets of financial institutions to financial institutions to obtain funds to replenish capital And thus facilitate the resumption of the stalled credit market functioning.

At the same time, in order to ease the credit market crunch, the Federal Reserve (FED) on the same day decided to start 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.

It is reported that the Federal Reserve and U.S. Treasury officials will be on October 10 with the European Central Bank and a member of the Group of Seven officials to hold talks with a view to jointly cope with the current financial crisis.

EU introduced measures to protect bank deposits of individuals

As of yesterday, there are many European financial institutions in trouble. In the continuous injection of liquidity to the market at the same time, in recent days, European governments have introduced policies have been introduced ranging from the size of the bank's personal deposit protection measures.

This reporter learned that, including Ireland, Germany, Denmark, Greece and Sweden and other countries have adopted measures for domestic banks to provide personal security deposits in order to protect the domestic financial market stability. Ireland decided to 6 large domestic banks for a period of two years, a total of 400,000,000,000 euros personal security deposit. The German government and relevant private financial institutions announced on the 5th, the line to increase the amount of aid to 500 million euros, the German government also decided not to provide personal bank deposit guarantee limits; the Government of Denmark with the commercial banks to reach an agreement on the establishment of a risk fund And decided in the next two years to the Fund to the Danish krone 35,000,000,000.

In addition, the United Kingdom and the Government of Austria or are considering plans to introduce a similar policy. 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.

" Drastic action "is still a short period of time it will not be effective

The United States and the European Union to take these measures will be what kind of effect? Many experts believe that this financial crisis "seriously ill", even under the "drastic action" short-term effect it will be difficult.

CITIC Securities Cheng Weiqing, an analyst believes that the U.S. government can not help turn the tide, the latest of a number of U.S. economic indicators very bleak, but the plan would help prevent the spread of the credit market panic, restore market confidence will help alleviate the depth of the recession To shorten the time for a recession.

CICC economist Shen Jian-ray analysis of sub-loan crisis in Europe the impact of large European financial institutions have written down a total of more than 200,000,000,000 U.S. dollars, the world's nearly half of the total write-down. In view of the European housing market also fell by a larger space, as well as external risk the possibility of deepening, the future of the European financial markets may face greater instability.

International Monetary Fund (IMF) believes that the current U.S. asset prices, credit and total household net debt with the pattern of the past led to economic recession similar to the period of financial pressure, the United States is still likely to occur in a sharp economic downturn - may be To provide some flexibility to offset the factors are: the crisis began when the company's relatively healthy balance sheets and strong Federal Reserve to ease monetary policy. IMF that the euro area household balance sheets "relatively strong."