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Half a TRILLION euros: Angela Merkel's cabinet signs off on a massive rescue package for German banks - je 13.10.2008 16

Constanze TressOctober 13, 2008

The German cabinet has approved a financial rescue plan worth up to 500 billion euros. The package aims to prop up Germany's banks by stimulating lending between them. Chancellor Angela Merkel gave a televised press conference earlier outlining why she believes the rescue plan is necessary.

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