Europe Steps up Bail-Out Efforts
by Korman Tam
10/13/2008 2:50:00 PM
The European bail-out plan comes on the heels of last week's British bank bail-out plan, which would effectively nationalize the UK's three largest banks. While it remains to be seen whether the unprecedented moves to pump liquidity into the financial system will be successful - it has stabilized the rapid deterioration in investor confidence and for the time being, halted the severe sell-off in global equities.
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