Europe throws cash at nervous markets

For the second day in a row, the European Central Bank (ECB) flooded the financial system with cash in an attempt to stabilise markets and restore confidence in Europe's financial institutions.

Meanwhile, finance ministers across the EU attempted to persuade both markets and ordinary people that European banks were not in any danger.

On Tuesday (16 September), the ECB offered money markets €70 billion in a one-day tender following similar action on Monday, when the Frankfurt-based...