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Can the government's rescue package finally shore up confidence in the banks? - je 13.10.2008 18

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Constanze TressOctober 13, 2008

Over the past few days, high-powered forums sought to re-assure the world that they are taking steps to avert a threatening global financial crisis. The G-7 and International Monetary Fund met in Washington. European Union leaders met in Paris. The initial market response is now clear after the week started off with a strong relief rally. But focus is already shifting to what lies further down the road and how effective rescue efforts will be.

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