Canada says G7 fretting over "excessive" bank rescues

Sat Oct 11, 2008 4:21pm BST
 
Email | Print | | Single Page
[-] Text [+]

LONDON, Ontario (Reuters) - The Group of Seven leading industrialized nations is concerned about what it sees as the excessive measures taken by some countries to rescue troubled banks, Canadian Prime Minister Stephen Harper said on Saturday.

"I think there's some concern among the G7 that some countries are going overboard and are getting into backdoor subsidies of banks in a way that is not in the long-run interests of the marketplace," he told reporters. He did not elaborate.

(Reporting by David Ljunggren; Editing by Eric Walsh)

 
Zhu Zhu pet
Can I have one for Christmas?

The hottest toy in the U.S. this Christmas is an interactive hamster. It does not come from one of the major toy brands or from a movie but a small, seven-year-old company from Missouri.  Full Coverage 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos