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FINANCIAL CRISIS (Last modification: 24/12/08)
Billion-dollar bailout schemes and major bankruptcies have sent taxpayers and traders reeling with shock as global banking systems teeters on the brink of collapse. Is this the end of global capitalism as we know it?
With world stock markets at a thirteen-month high and the Dow Jones index topping the 10 000 mark for the first time in a year, some are beginning to suggest that the financial crisis may be receding.
World stocks reached fresh 9-month peaks this morning after U.S. stocks extended their steepest two-week rally since 2000 on monday. So could it be a sign of the end of the crisis or is it simply too soon to rejoice?
At Paris Europlace International Financial Forum, Raphael Kahane met Tony Angel, Head of Europe, Middle East and Africa at Standard and Poor's, to talk about signs of recovery of the financial industry.
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