Response to Financial Crisis Germany Agrees on New Rescue Package for HRE

The German government and financial sector agreed a second rescue package for mortgage lender Hypo Real Estate in Sunday night talks. The government also took the surprise step of guaranteeing private deposits, a move which could up pressure on other European nations.
German mortgage lender Hypo Real Estate has been bailed out a second time to protect the German banking sector.

German mortgage lender Hypo Real Estate has been bailed out a second time to protect the German banking sector.

Foto: DPA
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