Germany takes hot seat
Posted: Mon Oct 06, 2008 2:59 am
Germany takes hot seat as Europe falls into the abyss
http://www.telegraph.co.uk/finance/comm ... abyss.html
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Germany is now in the hot seat. The collapse of a rescue deal for Hypo Real Estate on Saturday threatens a €400bn (£311bn) bankruptcy that nearly matches the Lehman Brothers debacle for sheer scale.
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During the past week, we have tipped over the edge, into the middle of the abyss. Systemic collapse ...
http://www.telegraph.co.uk/finance/comm ... abyss.html
...
Germany is now in the hot seat. The collapse of a rescue deal for Hypo Real Estate on Saturday threatens a €400bn (£311bn) bankruptcy that nearly matches the Lehman Brothers debacle for sheer scale.
...
During the past week, we have tipped over the edge, into the middle of the abyss. Systemic collapse ...