"Financial crisis" is Germany's phrase of 2008

Thu Dec 11, 2008 2:57pm EST
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BERLIN (Reuters) - "Finanzkrise" (financial crisis) was picked on Thursday as Germany's "phrase of the year" by a panel of experts.

"The term 'Finanzkrise' sums up the dramatic developments in the banking, real estate and financial sectors," the Society for the German Language said. "It has been at the center of the public's concerns more than any other term this year."

The word "verzockt" (gambled away) was picked as runner-up. In 10th place was "Yes, we can" -- Barack Obama's presidential campaign slogan.

(Reporting by Erik Kirschbaum; Editing by Kevin Liffey)

<p>A share trader reacts during midday trading at the German stock exchange in Frankfurt, October 29, 2008. REUTERS/Kai Pfaffenbach</p>