Topic: European Debt

Brits Work a Deal to Boost Confidence in Their Banks

AP

Officials in Britain have seen what's going on with the rest of the Eurozone, and have cut a deal worth an estimated £80 billion to make sure they don't become the next Spain.

By Alexander Abad-Santos

Dec 21, 2011

European Central Bank Loans $645 Billion to Stave off Euro Debt Crisis

The European Central Bank first action to stave off the European Debt Crisis is one for the records, as the Frankfurt-based bank promised to lend €489 billion ($645 billion), the most ever in a single operation and more than economists had predicted.

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