Earlier today a plan was devised cooperatively by the leaders of Germany and France to bailout the failing European banks and help stabilize numerous countries economies. The plan comes now after a few years of European economic turmoil and debt crisis; most notably Greece. Both the Chancellor of Germany and President of France held press releases about their plan, however details have yet to be released. Many analysts have been arguing about how to fix this crisis best, focusing on either having banks attempting to earn capital through the free market, or turning to a full government bailout. The plan will not go into effect any time soon as both leaders plan to present their option to the other twenty-seven leaders(countries) in the European Union. Both the chancellor and the president hope to enact the plan by the end of the month.
http://www.msnbc.msn.com/id/44835521/ns/business-world_business/
By: Tyler Lundquist
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