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October 13, 2008 · 10:37AM

EU Nations Commit $1.5 Trillion To Backstop Banks

France, Germany, Spain and Austria pledged $1.5 trillion on Monday to take equity stakes in banks and guarantee deposits, less than a day after agreeing to collectively stablize the European banking system. (Bloomberg)

Categories: Business & Finance Today · Europe Today · Financial Services · France · Germany · Markets, Economic News · Politics Today · World Affairs

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