Posted 3 months ago
.. its the domino affect around the world....
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Source: yahoo.com
Quote: "In Berlin, the German government held crisis talks after the collapse of a ballyhooed euro35 billion (US$48.4 billion) bailout of Hypo Real Estate AG, the country's second biggest property lender.
German Chancellor Angela Merkel said that Europe's biggest economy would "not allow the distress of one financial institution to distress the entire system."
In Iceland - particularly hard-hit by the credit crunch - government officials and banking chiefs were discussing a possible rescue plan for the country's overstretched commercial banks.
Belgian Prime Minister..."
German Chancellor Angela Merkel said that Europe's biggest economy would "not allow the distress of one financial institution to distress the entire system."
In Iceland - particularly hard-hit by the credit crunch - government officials and banking chiefs were discussing a possible rescue plan for the country's overstretched commercial banks.
Belgian Prime Minister..."
Full story at yahoo.com
Comments: 1
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Alistair Darling (2)
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Hypo Real Estate AG (1)
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Fortis NV (1)
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