Author (Person) | Schäfer, Daniel |
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Series Title | Financial Times |
Series Details | 20.9.11 |
Publication Date | 20/09/2011 |
Content Type | News |
Siemens withdrew more than half-a-billion euros in cash deposits from a large French bank in September 2011 and transferred it to the European Central Bank, in a sign of how companies were seeking havens amid Europe’s sovereign debt crisis. Siemens’ move demonstrated the impact of the eurozone’s deepening sovereign debt crisis on confidence in European banks. |
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Subject Categories | Business and Industry, Economic and Financial Affairs |
Countries / Regions | Europe, Germany |