European stocks rebound in early trade; Dexia soars

[Ghost Dog]

Source: Reuters

Thu Oct 9, 2008 3:18am EDT

PARIS, Oct 9 (Reuters) - European stocks rose in early trade on Thursday, recovering from steep losses in the previous session as efforts by governments and central banks to thaw credit markets helped calm jittery investors.

...

At 0717 GMT, the FTSEurofirst 300 index of top European shares was up 1.45 percent at 954.43 points.

...

"Markets are not turning positive, they are recovering from heavy losses that we saw earlier this week. The sentiment has not really improved," said Rik Zwaneveld, trader at AFS Brokers, in Amsterdam.

"The rate cuts are a good step in the right direction to stop the bleeding, but this won't be enough. European governments have to act swiftly and decisively together."

Read more: http://www.reuters.com/article/marketsNews/idCAL918056020081009?rpc=44

[aquart]

1. And do WHAT?

[Ghost Dog]

2. Here's a creative idea:

start buying and selling oil and natural gas in whatever currencies are most convenient to both parties involved in such transactions?

(Actually, they're talking about financial system liquidity measures, such as partial nationalisations)...