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Wednesday, October 5, 2011

'European Bank Rescue May Cost Up to $2 Trillion, Fink Says'

from bloomberg.......

"Governments and private-sector partners may have to spend as much as $2 trillion to rescue Europe’s banks, said Laurence D. Fink, the chairman and chief executive officer of BlackRock Inc.

“Stabilizing Europe is very costly,” Fink, who heads the world’s largest asset manager, said today during an event in Toronto. “It could be as much as a couple trillion dollars”...........READ MORE

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