Word: crash
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Dates: during 2010-2019
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...country to repay the $5 billion that's owed to the British and Dutch citizens who deposited their savings in an online Icelandic bank that collapsed in 2008. Icesave, a subsidiary of the Icelandic bank Landsbanki, offered eye-popping interest rates of up to 15% to foreigners before the crash. (See pictures of the global financial crisis...
...cards - around a quarter of all those in circulation in Germany - have been rendered unreadable by the software bug, causing chaos across the country. The situation harks back to the fears over the so-called millennium bug, which many experts thought would cause computer systems around the world to crash when the year switched over from 1999 to 2000. The difference: the millennium bug turned out to be a false alarm. In Germany, the Year 2010 bug has left millions of people fuming at the ATM. (See the top 10 panics...
...with sovereign bonds of potentially higher quality. Germany looks interesting to us. Germany has problems, but it's in a much better budget situation than the U.S. because of a constitutional amendment three months ago that forces a balanced budget in four years. (See pictures of the stock-market crash...