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      Plan to save German bank 'agreed'


      after an emergency meeting with the central bank earlier, ms merkel said: we will not allow the distress of one financial institution to distress the entire system .
      for that reason, we are working hard to secure hypo real estate .
      the german government and banks have agreed a 50bn euro ($70bn; Â40bn) plan to save one of the country's biggest banks, the finance ministry says .
      with this mutually agreed solution, the institution hypo real estate] will be stabilised and with it, govermany strengthened as a place to conduct finance in difficult times, the finance ministry said .
      ms merkel has previously been strongly critical of the irish and greek governments' decisions to take independent action to protect all savings deposits .
      Generated 2008-10-7_21:57





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