December 5, 2007

EU regulators approve Northern Rock bailout (AFP)

A Northern Rock branch in central London. EU regulators have approved Britain's bailout of troubled mortgage lender Northern Rock after finding that a package of loans and deposit gurantees were in line with European emergency aid rules.(AFP/File/Shaun Curry)AFP – EU regulators on Wednesday approved Britain’s bailout of troubled mortgage lender Northern Rock after finding that a package of loans and deposit guarantees were in line with European emergency aid rules.

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