The German government has reached a revised plan to bail out one of the nation's biggest mortgage lenders, Hypo Real Estate.
Commercial banks and insurers are to inject a further 15 billion euros in liquidity on top of an initial pledge of 35 billion euros. The German finance ministry said in a statement that had it allowed Hypo Real Estate to collapse, it would have led to incalculable damage to the financial services sector across Europe.
(Deutsche Plan to save German bank 'agreed' ...
US secure narrow lead over Europe ...
Prosecutors Investigate Soldiers After Afghan Civilians Killed ...
Afghan civilians killed in incident with German soldiers ...
Robinho move to Chelsea in doubt ...
Chelsea set to seal Robinho deal ... Welle)
more info >>
<< Back