Nations move to beat financial woes

The following is an update of measures governments across the world are scrambling to take to offset the impact of the financial crisis.

In Paris, leaders of the euro zone countries were discussing the possible creation of a bank rescue package that would take Britain's initiative as a reference.

In London, big British banks were likely to announce plans to recapitalize today. The banks were in talks with the government and regulators to determine how much capital each needs from the 50 billion pounds ($86 billion) offered by Britain on Wednesday.