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€1.7 tril injection for the Brown Plan

16 October 08 - RE+D Magazine
€1.7 tril injection for the Brown Plan

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The Brown Plan will be followed by all EU countries, which agreed to produce a total of €1,7 trillion to recapitalise banks and guarantee lending between them. At the same time, the “27” leaders agreed to promote an international deal to reform the monetary system and create mechanisms for the supervision of the global banking system.

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