08.10.2008 - Hypo only tip of Europe's troubles
From WSJ: The bailout of Hypo Real Estate Holding, Germany's second-largest property lender, may have averted the bank's certain collapse, but the damage done to the European financing market will likely be felt for years. Even before the credit crisis pushed Hypo to the brink, financing was getting more difficult to obtain and more expensive for commercial-property investors and developers. Now financing is almost impossible to obtain and is limited to smaller deals and selected properties..... Full Article: Source