Shares in German property financer Hypo Real Estate shot up by more than 27 percent in afternoon trading Friday on news that the European Commission has approved a bailout package for the bank.
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EU court rules against Alitalia ... the Commission praised Berlin's rescue plan as "part of the solution" to the current financial crisis. Berlin is to guarantee a large part of a 35-billion-euro credit line drawn up to keep Hypo Real Estate in business.
(Deutsche Welle)
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