kikipeepers asked
News bits from this week: Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate AG and guaranteeing private bank accounts as European governments scrambled on their own to save failing banks. The Belgian Prime Minister said France's BNP Paribas SA had committed to taking a 75% stake in Fortis NV. The Belgian and Luxembourg governments would, in turn, take a blocking minority share in BNP Paribas. 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. British treasury chief Alistair Darling said he was ready to take "pretty big steps that we wouldn't take in ordinary times" to help the country weather the credit crunch. France had suggested a multibillion-euro government bailout plan, but backed off after Germany said banks must find their own way out.
66 answers · 0 comments
Answer this yourself in the app
See how this splits by age, gender, and region in the app.
