DW-WORLD: Banks Need State Aid to Avoid Worst of Credit Crisis, Merkel Says Chancellor Angela Merkel sought backing Sunday from skeptical Germans for a costly bank rescue plan.
Berlin's bail-out package could cost German taxpayers billions of euros. (12.10.2008) DW-WORLD: Euro Leaders Take Steps to Avert Ongoing Credit Merkel: Situation serious, confidence must be regained ...
Trichet: "US must pass financial bailout plan" ...
US government takes over Fannie and Freddie ... Crisis The leaders of the 15 euro-zone nations said their governments would guarantee interbank loans to increase lending. Germany, France and other nations also said they would announce details of national rescue plans soon. (12.10.2008) DW-WORLD: Financial Crisis Increasing Suicide Risk, WHO Warns With global stock markets plunging and some banks teetering on bankruptcy, the World Health Organization (WHO) is warning of a surge in suicides and mental illness. Just how depressing can it get? (12.10.2008) DW-WORLD: France, Germany Agree to Unite Europe in Face of Credit Crisis German Chancellor Merkel and French President Sarkozy discussed the option of partially nationalizing European banks ahead of a meeting of euro zone leaders. Berlin is also reportedly set to present its own rescue deal. (11.10.2008)
(Deutsche Welle)
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