Market meltdown: Global problem, global cure

By Paul R. La Monica, CNNMoney
2008-10-6 12:10:53

NEW YORK (CNNMoney.com) -- Global stock markets are in free fall Monday as European banks are starting to look like they may need their own bailout.

In fact, several large financial institutions across the pond are already being propped up by European governments and private institutions.

Germany, Ireland, Iceland and Greece have taken steps to guarantee savings deposits, for example.

	Investment Basic Investment Overview Investment Approache Fundamentals Data Investment Stories www.fxj108.com	Market meltdown: Global problem, global cure By Paul R. La Monica, CNNMoney 2008-10-6 12:10:53 NEW YORK (CNNMoney.com) -- Global stock markets are in free fall Monday as European banks are starting to look like they may need their own bailout. In fact, several large financial institutions across the pond are already being propped up by European governments and private institutions. Germany, Ireland, Iceland and Greece have taken steps to guarantee savings deposits, for example.