Tuesday, Dec 01, 2009
Everything is OK.
Telegraph: Angela Merkel alarmed by worsening credit crisis
"We are in a very critical situation," said Chancellor Angela Merkel in her weekly radio address. "We are going to discuss with leaders of the financial institutions what can be done to head off a credit crunch." The move comes days after the Bundesbank revealed that German banks face a further €90bn (£82bn) of likely write-downs over the next year.
Posted by charlie brooker @ 11:35 AM (426 views) Add Comment
1 Comment
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1. alan said...
Gold touched $1200 for a few seconds this afternoon.
What's the likelyhood of another big debt "bump" in the next 2 months. Don't ask our glubberment - they're whistling in the dark.