Germany draws up contingency plan

Article reports that the German government was drawing up a multi-billion contingency plan on the 8th October 2008 to shore up its banking system, which could see the state guarantee interbank lending in the country and inject capital in Germany’s largest banks.

ESO: Background information: Germany guarantees savings to avert panic http://www.europeansources.info/record/germany-guarantees-savings-to-avert-panic/

Deutsche Welle, 10.10.08: Germany Steps up Pressure for Bank Regulation http://www.dw-world.de/dw/article/0,2144,3705298,00.html

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