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Europe Breaking News: European Union Proposes Plan for Failing Banks

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Europe Breaking News: European Union Proposes Plan for Failing Banks

Europe Breaking News: European Union Proposes Plan for Failing Banks
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Europe Breaking News: European Union Proposes Plan for Failing Banks

by Wochit 1:15 mins

European Union officials announced an ambitious proposal for a uniform way to deal with failing banks in the region that would include central decision-making and an emergency fund raised from Europe?s banks Media tycoon Rupert Murdoch has been recalled to the U.K. parliament to clarify evidence he gave about alleged crimes by his journalists following the emergence of a secret recording. Murdoch told lawmakers in July 2011 that he was ?shocked, appalled and shamed? by the revelations of phone hacking and illegal payments to public officials. "Why are the police behaving in this way?" Murdoch said in the recording during a meeting with journalists on sister paper The Sun, published by Exaronews.com. "It's the biggest inquiry ever, over next to nothing.? With tablet and smartphone video content sales expected to hit $9.5 billion in four years, all things digital will be the focus at the world's largest consumer electronics fare in Germany this September.

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