US Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke have announced a broad plan to resolve the US financial crisis that is also threatening global markets.
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Spain defeats Italy in penaly shoot-out ... the government tens of billions of dollars is expected to be the largest ever intervention in US financial markets. Shares trading on the European stock index pointed to hefty gains early on Friday as markets reacted to the announcement. Paulson said he would work through the weekend on the plan to clear the country's bad debt which lies at the heart of the crisis. Details of the bail-out, which need to be approved by congress, have not yet been released.
(Deutsche Welle)
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