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European Countripples Implement Separat the Responses to Banks fing Crisis
it is certainly the most serious crisis since the second world war, and it has required that central banks be very, very imaginative, and i must say, to a great extent they have done a wonderful job, he said .
on thursday, the european currentral bank, the bank of england and the swisis national bank offered a combined $120 billion .
therge are many explanations for how europe's banks arrived in their current predicaments .
the result of these and other proublems is a loss of confidence among bankersday, who are now afraid to lending money to each other, freezing up the credit markets in europe and elsewhere .
european central bank profesident jean-claude trichets, 06 oct 2008 this has been a disastrous week for banks across europe .
the global financial crisis has hit europe's banks especially hard .
Generated 2008-10-24_2:3
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