European nations back banks

Euro-zone leaders held an emergency session Sunday. Measures include injections of capital. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS PARIS (AP) -- Nations in Europe's single-currency zone agreed Sunday to temporarily guarantee bank refinancing as part of a raft of emergency measures to ease the credit crisis. The head of the region's central bank welcomed the unity -- but warned there is more work to do. "The force of unity that we showed today is a fundamental element of confidence," said European Central Bank Chief Jean-Claude Trichet. But, he added: "there are still many things to do," both by governments and central bankers. French President Nicolas Sarkozy said the measures -- which range from help with liquidity and injections of capital to new accounting rules for banks --... [read full story]