Wroclaw, Poland/Paris (Reuters)-European finance ministers have warned confidential as a "systemic" sovereign debt in the euro zone over to banking crisis a new credit tightening of danger, according to a Reuters get files. On Wednesday
In the meeting on Friday and Saturday in Poland ministers meeting of writing a report, the European Union officials said, 17 countries currency area faced with a "sovereign debt, the bank capital and negative growth between the risk of a vicious cycle."
"The sovereign debt market tensions increased risk, the bank funds in the summer, infection spread all over the market and national crisis has become a systematic, influential economic and financial committee said."
The minister, told reporters in language, echo the international monetary fund is calling for urgent action to supplement the capital of the bank, the bank of European Banks "resources, further strengthen is desirable,".
The report stresses that "European policy makers face challenges, restore the confidence of the German leaders, France and Greece was an important conference call effort, to avoid Greece default, may lead to global financial shocks.
Moody's investors service reduction in France's biggest bank, the bank and the French agricultural credit bank two, said refinancing and increase the deterioration in the terms of their capital and liquidity profiles attention.
France's biggest bank, the French bank, the rating agencies, said the review left profitability and the capital base, gave it enough cushion to support its Greece, Portugal and Ireland exposure.
The euro and European stock markets earlier improved one by the European commission, the European commission will soon now send a common eurozone bonds head, although the option of published in Germany's fierce resistance.
Many investors believe that the best way to market, because it will guarantee the strongest economies, Europe to the responsibility of the weak joint debt issuance.
But, in northern Europe's political against what is seen as free-spending southern states, a distant prospect the euro bond debt underwriting.
The European commission President jose Manuel barroso said, the European parliament close alliance, especially in the euro zone, is the only way to reverse the negative cycle in the financial market.
"Today, I'd like to confirm, the committee will soon at present introduces the option of the European bonds, some of which may implement the current treaty within the terms of the treaty, and other requirements changes," he said.
But he warned that these bonds are no silver bullet, to end the crisis, and can only be a part of the comprehensive plan.
China increased its voice, the United States of Europe apparently can't stop debt contagion worries, while India and Brazil, officials said the discussion of the main emerging economies increased its sovereignty holding euros.
U.S. Treasury secretary cover the European leaders called for Turner take more forceful action to solve the crisis escalated, said they do so economic and financial capacity.
The European Union and international monetary fund senior inspector in Athens on Monday due to check with Greek shambling abide by its help city plan, Angela merkel the prime minister and President sarkozy called for prime minister PaPanDeLiOu implement austerity measures to meet financial goals, a French statement said.
"Despite the recent rumours that the parties stressed that Greece will remain in the euro zone, the Greek government spokesman ILIAS Mossialos said, after 25 minutes of phone calls."
A Greek officials said, Athens, now expects the eu/imf "three carriages" report, the orbit of Greece, in order to meet its 2011-12 year target is the latest additional tightening measures, announced after the weekend after the call.
The European Union economic affairs commissioner oliver, common the eurozone Richard wren said bond issuance will need to member states of the financial and economic policy, it will be fully debate, in every country more into the surveillance.
Berlin's a German finance ministry spokesman reiterated its opposition to ideas, but he said the long-awaited proposals.
Stop the spread of the crisis
China and the United States have expressed concern that the euro zone governments may be losing control debt crisis.
Chinese premier wen jiabao said Beijing is willing to help its biggest trading partner, but he added, Europe must stop growing crisis--it is now threatening to Italy.
Wen jiabao said Wednesday, "is what, we must now take note of the sovereign debt crisis is to prevent further spread and expand," in an obvious response to buy eurozone government bond supplications.
Chinese state media say that the European Union should give China's market economy status, which will better protect European anti-dumping penalties to the understanding and the debt crisis of the Beijing help-an important excitant.
An Indian officials said, Brazil, Russia, India, China and South Africa's finance ministers will discuss the advice of Brazil, to increase their holdings of the eurozone bonds, when they September 22 in Washington.
But, Greece's deputy finance minister, said the suspect into pay attention to these countries with little or no interested to buy, though it invitation Greek short-term debt.
The credit market is factoring in 90% of the opportunity, Greece will default, they asked for the debts of the Italian 5-year bond risk premium on Tuesday the highest since the country's auction, joined the euro zone.
Italian prime minister's d Mr Mr Berlusconi won parliamentary vote of confidence, and with a 5.4 billion euro's tightening plan, which in congress to finalize later in the day. These actions are doing a little, so far, do the euro zone's third largest economy can manage their debt is doubts.
Greece, Ireland and Portugal received the eu/imf package of rescue plan, but many people think too much out of trouble Italy.
Crew cut
The French bank announced plans to sell the assets of 7 billion euros to help ease the investor concerns about leverage and capital, and play it's two main rivals.
The French central bank, moody's said to Noah French bank's action is good news, pointing out that it put them as health, HSBC, barclays bank and deutsche bank and other European other major lending institutions English.
"This is a very small relegation and moody's higher than other institutions, evaluation so it's only put in the same level, or a little better than others," Noah said.
Some analysts and industry executives say Greece defaults and financial crisis in the combination of Italy




Other News:
EU warned of credit crunch threat, French banks hit
Unemployment now Americans’ top concern
Push for action in euro zone fuels gains
Boehner: Debt panel can start on major tax changes
Chances of another recession increasing: Reuters poll
Defying orders, hero Marine saved other troops
TSA to use fewer patdowns on kids
US: Kabul attack a propaganda win for Taliban