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The European Central Bank announced it would lend eurozone banks €120 billion in “a special term refinancing operation.” (Photo: European Commission)

Commission has 'no reason' to question Fortis deal

Despite Benelux governments announcing a partial nationalisation of Fortis Bank on Sunday, the ongoing financial crisis continued to collect scalps through Europe on Monday (29 September), with the UK and Germany intervening to save financial institutions. Meanwhile, the European Central Bank has announced it would lend eurozone banks €120 billion in "a special term refinancing operation."

The decision by the Belgian, Dutch and Luxembourger governments to purchase half the Belgo-Dutch b...

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The European Central Bank announced it would lend eurozone banks €120 billion in “a special term refinancing operation.” (Photo: European Commission)

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