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Friday, August 31, 2012
Economy: Economic News, Policy & Analysis - The Washington Post: World Bank’s action on Europe reflects fear of another global meltdown
Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
The World Bank is moving to shore up economies in eastern Europe and central Asia as fear intensifies that problems in the euro area have begun spilling over to other parts of the world.
The bank announced on Wednesday it would commit $27 billion to protect developing nations in the region from a western European crisis that has begun to undercut trade and investment.