Obama's bank plan wins tentative support in Europe

Posted by 7Star Friday, January 22, 2010

France, Britain and Germany offered support on Friday for US President Barack Obama's plan to limit banks' size and trading activities but fell short of pledging to follow suit on the proposal that has stunned world markets. Obama's dramatic proposals could rewrite the world financial order but experts said they were light on detail and could cloud the global approach fostered by the Group of 20 nations.

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