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Effect of US subprime crisis could be diluted: analysts

() - August 12, 2007 - 4:55pm

FRANKFURT (AFP) - The US home loan crisis looks set to continue gripping world markets but the effect could be diluted because the risk is spread among investors around the globe, analysts say.

The European Central Bank pumped 155.85 billion euros ($212.98 billion) into the eurozone banking market on Thursday and Friday as central banks across the globe rushed to ward off a global credit crunch linked to the US subprime loan market.

A crunch would make it harder and more expensive for businesses and consumers to get loans and cash.

The potential for instability to spread fast when markets re-open on Monday is high, analysts agreed, but most thought the main bourses would weather the storm.

ANALYSTS BILLION CENTRAL CRUNCH EUROPEAN CENTRAL BANK GLOBE LOAN MARKET MARKETS SPREAD THURSDAY AND FRIDAY
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