Word: j19
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Dates: during 2000-2009
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...means that we're facing similar problems." To the well-known troubles of France Telecom and Deutsche Telekom, add the pains at tech giant Alcatel. Or the fiasco at media and utilities conglomerate Vivendi, which soon after booting Jean-Marie Messier was seen scrambling for emergency funding to service j19 billion in borrowings. Could this spell the end of what the Germans call the Aktienkultur, or equity culture? Just a few short years ago, traditionally risk-averse European savers were piling into stocks at a breathtaking pace, transforming not just household finances but the balance of economic power...