A 35 billion euro package to rescue the German mortgage lender Hypo Real Estate has collapsed after a a consortium of German banks pulled out.
The German government would have provided 27 billion euros towards the recsue plan that would have been the biggest in German history. In a report to be published on Sunday by the newspaper "Welt am Sonntag," Deutsche Bank warns that Hypo Real Estate faces a shortfall of between 70 and 100 billion euros by the end of next year. Hypo Real Estate was the Shares up at Hypo Real Estate on bailout news ...
Afghan civilians killed in incident with German soldiers ... first blue chip German company to seek a government rescue after being sucked into the global financial turmoil through its exposure to massive bad debt.
(Deutsche Welle)
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