2008 in economics

none other economics-related events during this time frame May 2023 May 2023 The following economics-related events occurred in 2008. Events 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.https://www.icenews.is/2008/10/11/the-british-brought-down-icelands-largest-company-with-their-abuse-of-power/#axzz3wwZpFyB6 PM: British to blame for Iceland bank collapse Icenews English 11 October 2008 11 January 2016 References Business and economics