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BERLIN--European officials remained deeply divided on Saturday about the best way to pay for bailouts for troubled countries, discussing but failing to agree on a proposal to tax financial transactions.
Economic officials are huddled in Poland to try to come up with a way to help euro-area countries that are having difficulty repaying their debts. Greece is likely to run out of cash by mid-October if it does not receive billions of euros of bailout money, potentially setting off a financial contagion that could hop from bank to bank and country to country.
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Associated Press 17 Sep, 2011
Associated Press --
Source: http://feeds.washingtonpost.com/click.phdo?i=e9c6a802c1dda433aa816cef8228f60f
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