2008 in economics

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.

References