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The Eurogroup, the EU finance ministers (ECOFIN) and the EU heads of state or government (European Council) are going to convene in the wake of the Elysée summit of the European G8 members.We already saw that there is not going to be one European response, but an effort to coordinate national ones.

Editorial Reviews Review "For anyone interested in modern central banking, or in recent developments in the institutional aspects of Europe’s financial system, this is a good place to start." — Foreign Affairs "Nothing does more to enliven a trip than a well-qualified tour guide.

U.S., Europe Warn of Further `Bad News;’ Strengthen Regulation 0 By Gonzalo Vina and Alison Fitzgerald April 13 (Bloomberg) — Finance chiefs from the U.S. and Europe said the eight-month credit squeeze is still festering and urged banks to take steps to relieve it.

The chairman of the Italian airline Air One, Carlo Toto, said that his company was ready to make a new offer for Alitalia, but needed three weeks to study its books.