Europe Plans for Economic Meltdown

From Guajardo: With the U.S.'s recent $700 billion bailout, European countries, Italy, France, Germany, have begun to consider the liklihood of the event happening in their countries as well. Leaders of G8 countries met in Paris to discuss some sort of rescue plan to the economic crisis and seek to find a common solution. The Frech President sees the problem as "worldwide that needs a worldwide solution." Prime minister of Great Britain initially oppsed a worldwide bailout plan, but is proposing a $21.5 billion doallar bailout for small businesses who do not have enought credit.
A G8 meeting, where finance leaders will be discussing the issue further will meet next week.