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Yahoo! News :: Business

German officials meet to seek Hypo Real rescue (Reuters)


<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081005/bs_nm/us_hyporealestate"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081005/2008_10_04t160318_450x251_us_hyporealestate.jpg?x=130&y=72&q=85&sig=mc.IOazjilOo32G2YwT4ww--" align="left" height="72" width="130" alt="The logo of German lender Hypo Real Estate is pictured in Munich October 1, 2008. The government threw a lifeline to cash-strapped lender Hypo Real Estate on Monday in an about-face just days after its finance minister said Germany's bank system was solid. Berlin agreed to provide the bulk of 35 billion euros ($50 billion) in credit guarantees for Hypo, which is the fifth German bank to be bailed out by the state in the face of financial sector turmoil. (Michael Dalder/Reuters)" border="0" /></a>Reuters - Officials from the German government, central bank and financial regulator met on Sunday in an effort to save lender Hypo Real Estate after a Berlin-brokered deal to rescue the imperiled bank unraveled.</p><br clear="all"/>


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