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.
In Brussels, 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 Belfast illegal fuel dump raided ...
Man jailed for Belgian MP3 death ...
Robinho move to Chelsea in doubt ...
NATO hold crisis meeting on Georgia ...
Germany investigates kidnap claims in Georgia ...
Six Berlin Housing Projects Declared World Heritage Sites ... Welle)
more info >>
<< Back