Euro-zone leaders held an emergency session Sunday to deal with the financial crisis. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS PARIS (AP) -- Countries that use the euro will temporarily guarantee future bank debt to encourage lending and ease the credit crunch, according to a draft statement under discussion by European leaders Sunday. The declaration says the governments would guarantee "for an interim period and on appropriate commercial terms" new debt issued by banks for up to five years. "This scheme would be limited in amount, temporary and will be applied under close scrutiny of financial authorities until Dec. 31, 2009," it says. The leaders of the 15 euro-zone nations held an emergency summit Sunday night in Paris to seek European solutions to the financial crisis engulfing...
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