The crisis seems to be affecting Europe on a larger scale |
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Money market distress continues and the crisis seems to be affecting Europe on a larger scale, with Fortis, Bradford & Bingley and several other banks in need of help. Today, all eyes will again be on the fate of the US bailout package. If successful, it is likely to contribute to an easing of conditions in the money markets and distress at the banks. If not, we are probably in for an even rougher ride in the weeks ahead. Deal or no deal – that is still the question. After the House
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