Monday, November 3, 2008

Stimulus Packages and Bailouts around the World

In the article 'Overseas, More Nations Assemble Stimulus Plan', authors Burnett and Wassener describes the stimulus plans being organized in Australia, where interest rates are being lowered, South Korea, where a $10.9 billion stimulus package is being constructed, and Spain, where complex mortgage payment plans are forming.

In the article '
German Bank Seeks $10.5 Billion in Bailout Aid', author David Jolly highlights the German bank, Commerzbank, asking the government for a bailout. He also describes the trouble a French bank is having with business.

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