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Image header Agence Europe
Europe Daily Bulletin No. 9750
Contents Publication in full By article 15 / 41
GENERAL NEWS / (eu) eu/economy

Financial crisis spreads into Europe

Brussels, 29/09/2008 (Agence Europe) - The financial crisis triggered off in summer 2007 is no longer just affecting European banks that massively invested in bad loans linked to US subprime mortgages. This week, the Belgian-Dutch bank Fortis had be saved in an emergency operation carried out by the Belgian, Luxembourg and Dutch authorities, which led to partial nationalisation (49.9%) of its capital (cost of €4.7 billion for Belgium, €4bn for the Netherlands and €2.5bn for...

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