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September 13, 2008
European Allies: US is still mired in economic instability
By Constance Lavender
England and Germany are expressing sharp and renewed concern over the health of the United States financial system.
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The BBC is reporting that top financial experts in the UK are expressing concern over the health of the US economy given the precipitous 80% drop in the stock of the US's fourth largest investment house, Lehman Brothers, this week.
On Saturday, Germany's Finance Minister, Peer Steinbruek, expressed further concern about Lehman's status before a meeting of EU finance ministers in Nice, France.
Germany is the European Union's largest economy.