2008 in economics
Events
=October=
- October 5
- The German government moves to back troubled Hypo Real Estate with a 50 billion euro rescue plan. [http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BD97E28E7%2D42B0%2D4DE5%2DB730%2D13B59C349C04%7D&siteid=mktw (MarketWatch)]
- German Chancellor Angela Merkel announces that Germany will explicitly guarantee the deposits in banks held by its citizens. [http://www.marketwatch.com/news/story/germany-guarantees-private-deposits/story.aspx?guid=%7BF3E91BFE%2DEF8B%2D47B2%2DBCE3%2D3B9FB167F9F0%7D (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.{{cite web|url=http://www.icenews.is/2008/10/11/the-british-brought-down-icelands-largest-company-with-their-abuse-of-power/#axzz3wwZpFyB6|title=PM: British to blame for Iceland bank collapse|publisher=Icenews|language=English|date=11 October 2008|accessdate=11 January 2016}}