European Commission criticizes US for rejecting rescue plan
"The USA is particularly responsible. It is there that the financial crisis started and from there it will spread all over the world," said EC spokesperson Johannes Laitnenberger.
The effects of the crisis, which kicked off in the US, are clearly visible in the EU, such as the plan to save Fortis on Sunday. Yesterday, a sum of euro 6.4 billion was also promised to save Dexia, the world's largest institution granting loans to local governments.
Today, the European Commission is to recommend new regulations related to the banking sector which aims at limiting the risk of their operations.
Among domestic bank customers, rumors appeared that banks might run out of funds for granting credits. This could be caused by the fact that they have an increasing problem with acquiring funds, as monthly loans in Euros are the most expensive in history, reaching 5.05 percent.
According to a poll conducted by Rzeczpospolita, 50 percent of the public believes that the difficulties will also have an effect on Poland.
Sources: Rzeczpospolita, Gazeta Wyborcza (A.K.)
The effects of the crisis, which kicked off in the US, are clearly visible in the EU, such as the plan to save Fortis on Sunday. Yesterday, a sum of euro 6.4 billion was also promised to save Dexia, the world's largest institution granting loans to local governments.
Today, the European Commission is to recommend new regulations related to the banking sector which aims at limiting the risk of their operations.
Among domestic bank customers, rumors appeared that banks might run out of funds for granting credits. This could be caused by the fact that they have an increasing problem with acquiring funds, as monthly loans in Euros are the most expensive in history, reaching 5.05 percent.
According to a poll conducted by Rzeczpospolita, 50 percent of the public believes that the difficulties will also have an effect on Poland.
Sources: Rzeczpospolita, Gazeta Wyborcza (A.K.)
