Banking crisis is hitting Europe

From: AlJazeeraEnglish  | Oct 5, 2011 

 

More strikes, more meetings and more bailouts - are placing enormous amounts of pressure on the Continent's leaders to keep the eurozone from going under.

In the last 24 hours they have had to step in to save the Franco-Belgian bank Dexia, on the verge of collapsing due to its ties to Greece's debt.

The Belgian Prime Minister says the government could nationalise the bank if they have to, as already Dexia has lost almost 40 per cent of its share value.