ECB allocates €70bn to help stabilise markets

The European Central Bank (ECB) is allocating €70bn in additional funds to help bolster financial markets following the collapse of Lehman Brothers.

ECB allocates €70bn to help stabilise markets
Tue, 16 Sep, 2008 - 16:49

The European Central Bank (ECB) is allocating €70bn in additional funds to help bolster financial markets following the collapse of Lehman Brothers.

The US-based investment bank filed for bankruptcy protection yesterday, causing panic in worldwide stock exchanges.

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