Europe argues over bailout plans
Oct 2 - Relief after the U.S. Senate passes a revised USD 700 billion bail out bill, but Europe is split on suggestions they should do the same.
Germany is strongly opposed to any similar European plan, whereas some EU countries believe an emergency rescue fund should be put in place. Meanwhile, fears have been raised that national deposit guarantee plans, such as the one implemented by Ireland, break EU competition rules.
Stefanie McIntyre reports.
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