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Fortis
A deal to partially nationalise European banking and insurance giant Fortis has been agreed. The move comes after talks between the European Central Bank and the Netherlands, Belgium and Luxembourg. Ministers from the three countries agreed to pour almost £9b into the bank to save it from possible collapse. Belgian Prime Minister Yves Leterme said the bail-out showed Fortis would not be allowed to fail, after its share price plunged in recent days.
