Euro Nations Temporarily Guarantee Bank Refinancing

Summary

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PARIS (AP) - Nations in Europe's single-currency zone agreed Sunday to temporarily guarantee bank refinancing and pledged to prevent banks failing as part of a raft of emergency measures designed to get credit flowing again.

It was Europe's most unified response so far to the global financial crisis and addresses a key part of the problem: banks'reluctance to lend to each other. That has helped fuel the crisis that has pulled down some of Wall Street's most storied names and is threatening the core of the U.S. and European economies.

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Euro Nations Temporarily Guarantee Bank Refinancing

After the Dow Jones industrial average ended its worst week in histor...

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