Everyone wants a piece of the bailout action. From the FT....
Europe’s central banks and governments should consider buying corporate debt on an emergency basis to stop businesses going bankrupt in the recession, the leader of the European Union’s employers’ federation said on Monday.
The proposal of Ernest-Antoine Seillière, president of BusinessEurope, underlined the anxiety of numerous companies about securing access to credit as Europe suffers its most severe economic conditions since the second world war.
EU governments and central banks have pledged hundreds of billions of euros over the past six months in various schemes aimed at saving national bank systems and restoring credit flows to pre-recession levels.
I think my blog needs a bailout. Do you think the Bank of England might give me some money?
Monday, February 16, 2009
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