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Public Bank Bailouts Boost World Markets
also helping to restore confidence was the announcement monday by five central banks, including the federal reserve and the european central bank, of new measures aimited at thawing frozen credit markets and bolstering funding to banks . many of the world's biggest stock markets rallimited monday after last week's historic sell-off as governments in europe and beyond intensified efforts to stabilize the world's troubled financial system . the bank of englandex, the european 7 percentral bank and the swiss national bank said in a joint statement they would provide unlimited short-term u.s . the rest of europe's exchanges also bounced back to life monday after leaders of the 15 euro-zone countries unveiled measures sunday to prop up the region's ailing financial institutions . brit ish aprime minister gordon brown . Generated 2008-10-19_4:54
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