2008 in economics From Wikipedia, the free encyclopedia The following economics-related events occurred in 2008. October October 5 The German government moves to back troubled Hypo Real Estate with a 50 billion euro rescue plan. (MarketWatch) German Chancellor Angela Merkel announces that Germany will explicitly guarantee the deposits in banks held by its citizens. (MarketWatch) October 9 Iceland nationalises Kaupthing Bank. IMF: World on brink of recession; prepares special loan program. Markets down across the world; Dow Jones falls below 9,000. October 10 Hampshire councils have £3 million invested in Icelandic banks. Dow Jones recovers hundreds of points, before losing them in minutes. Global markets plunge. WTO calls meeting on trade finance and economic crisis. October 11 G7 says "all available tools" will be used to solve crisis. October 11: Iceland and United Kingdom in diplomatic dispute over financial crisis. October 11: George W. Bush attempts to reassure Americans in radio address.[1] References ↑ "PM: British to blame for Iceland bank collapse". Icenews. 11 October 2008. Retrieved 11 January 2016. Business and economics portal Related Articles
