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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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Germany Approves EU Bailout Fund

Germany Approves EU Bailout Fund | Countdown to Financial Armageddon | Scoop.it

A large majority in Germany's parliament approves new powers for the EU's main bailout fund, despite opposition from some members of the ruling coalition.

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MIND YOUR OWN BUSINESS! Germany slams 'stupid' US plans to boost EU rescue fund

MIND YOUR OWN BUSINESS! Germany slams 'stupid' US plans to boost EU rescue fund | Countdown to Financial Armageddon | Scoop.it

More debt is not the answer! Germany and America were on a collision course on Tuesday night over the handling of Europe's debt crisis after Berlin savaged plans to boost the EU rescue fund as a "stupid idea" and told the White House to sort out its own mess before giving gratuitous advice to others.

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A Run on Hedge Funds? Man Shares Hit as Volatility Sees Clients Withdraw $2.6bn

A Run on Hedge Funds? Man Shares Hit as Volatility Sees Clients Withdraw $2.6bn | Countdown to Financial Armageddon | Scoop.it

Where does the money go? When investors sell stocks or withdraw capital from hedge funds, where do they reallocate? Cash? Gold? Commodities? 

 

Man Group shares tumbled during early trading after the company revealed that its clients had pulled out $2.6bn (£1.6bn) worth of funds during the past three months.

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