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October 7th, 2008
Posted: 05:24 AM ET
(CNN) — European finance ministers were meeting in Luxembourg on Tuesday to address the global financial meltdown. They were considering, among other things, a European-wide approach to the worsening problem, as opposed to letting individual countries deal with financial woes in their respective countries. One proposal called for a Europe-wide guarantee of private savings of up to 100,000 euros ($135,600), the Irish Department of Finance said. “The main issue is ensuring confidence and stability throughout our European banking system,” Irish Finance Minister Brian Lenihan told reporters. |
 
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