Biz, World: An example of the mushroom effect of the credit crunch
- The Royal Bank of Scotland, well-known for its globalization efforts, has been ordered by the British government to pump billions into the British credit market. source
- So RBS can redouble its efforts in its homeland, the company has recently started to scale back and tried to sell a number of its global endeavors – in countries big and small. source
- Due to the new tightening of credit in developing countries such as Vietnam and Romania, the world credit market takes a hit and begins to constrict even more. Yikes. source
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