Oct. 8th, 2008

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INCOMING business secretary Peter Mandelson warned yesterday that the EU could be hit by a surge of “economic nationalism” after European governments enacted a series of unilateral moves to shore up their financial systems at the expense of other member states. (link)

And today:
The British government has announced a part-nationalisation of the country's eight main banks with a bailout worth up to £50bn. (link)

I can see Mr. Mandelson is getting on just fine with his new coworkers.

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