Europe stuns with €1.5 trillion bank rescue, as France plays role of saviour

Germany, France, Italy, Spain, Holland and Austria have joined forces to launch the greatest bank bail-out in history, offering over €1.5 trillion in guarantees and fresh capital in a “shock and awe” blitz to halt the credit panic.French President Nicolas Sarkozy Photo: PHILIPPE WOJAZERThe move - unveiled simultaneously in the six states to maximise [...] continue reading the breaking news