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Europe tries to stave off disaster as US legislators debate bailout
The global financial crisis took a toll on Europe Sunday, with top officials scrambling to save Fortis bank and Britain reportedly planning to nationalize mortgage lender Bradford & Bingley. As US lawmakers hailed a breakthrough in talks on a $700 billion bailout, high-ranking European officials raced to hammer out a plan aimed at keeping Fortis from becoming another victim of the crisis.Posted by: Fred 2008-09-29 |
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