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Page last updated at 09:59 GMT, Monday, 15 September 2008 10:59 UK

Greenspan on financial crisis

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The former chairman of the US Federal Reserve Bank, Alan Greenspan, has said that the problems facing the finance industry are likely to have a serious impact on the global economy.

He made his comments on Sunday, ahead of the announcement by Lehman Brothers that the company was filing for bankruptcy protection.

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