20/06/2012 08:07 BST

Debt Crisis: Prepare For Lehmans Re-run, Bank Official Warns, As Leaders Poised To Bail Out Spain And Italy

European leaders are poised to use two rescue funds to buy Spanish and Italian debts in a £600bn bail-out, as a Bank of England policy maker tells traders to prepare for a devastating market seizure like that seen as the collapse of Lehman Brothers.