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Global financial crisis | Ongoing

With the collapse of a number of financial institutions in the United States, the financial crisis quickly spread around the world.
Special Report: Global Financial Crisis
 

Thousands of demonstrators take part in a rally in Reykjavik, capital of Iceland, calling on the government to resign for the national financial crisis, Nov. 15, 2008. Iceland's central bank has raised its benchmark interest rate to 18% after the government took control of the three largest banks, however, the Icelandic economy remain in unprecedented turbulence, due to the lack of international aid loans and public confidence, and trade shrinking. [Xinhua] 

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