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European Markets Stunned U.S. Bailout Failed

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European Markets Stunned U.S. Bailout Failed

Business

European Markets Stunned U.S. Bailout Failed

European Markets Stunned U.S. Bailout Failed

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Financial turmoil in the U.S. stock markets is being felt overseas. In some European nations, governments have had to nationalize lenders. Philip Coggan, capital markets editor for The Economist, tells Steve Inskeep it could get worse because big pension funds and money market funds are nervous about putting money into banks.

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