Monday 6th October, 2008
Here's Kirsty with the latest on tonight's programme
Another Manic Monday...
As I write, markets are crashing around the world - the FTSE is down by more than 7 per cent - the biggest percentage fall in more than 20 years.
The reasons for today's crash seem to be the state of European banks and the incredibly chaotic response of EU leaders.
It is the first time that the European system has been tested since monetary union, and the results so far have been pretty wretched. So what can European leaders do now?
In the UK Alastair Darling has said that the Government will do whatever is necessary to stabilise the financial system, but what is the rescue plan being devised behind the scenes in Downing Street and the Treasury? Is a partial nationalisation of the whole banking sector in the offing? Our Economics Editor, Paul Mason, has the story.
Also tonight, it is not only the response to the financial crisis that is dividing Europe's leaders, the major European states all seem to have conflicting policies on energy and climate change - another fine mess? Mark Mardell has travelled to Spain, Italy and France to find out.
Also, after Newsnight Review's trip to Liverpool on Friday night, click here for a look at Newsnight Review's website for "Review Uncut" - an after hours debate about the impact of European Capital of Culture status on the city.
It was recorded after Friday's show especially for the website - and features singer Holly Johnson, film director Terence Davies, actor Ian Hart and poet Roger McGough talking about their hometown.
Tonight at 10.30pm.