UK announces €64bn bank rescue plan

British Chancellor Alistair Darling today announced a £50bn (€64bn) emergency rescue plan for stricken UK banks.

UK announces €64bn bank rescue plan

British Chancellor Alistair Darling today announced a £50bn (€64bn) emergency rescue plan for stricken UK banks.

The scheme will see taxpayers’ money used to buy stakes in major banks in an attempt to halt the meltdown in the financial sector.

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