STOCKHOLM (Sweden) - THE Swedish government has presented a financial stability plan worth 1.5 trillion kronor (S$295 billion) in credit guarantees to banks and mortgage lenders.
The center-right government also says it will set aside 15 billion kronor for a stabilisation fund to deal with any future solvency problems for Swedish banks.
Financial Markets Minister Mats Odell says the package is needed to restore confidence in the Swedish financial system during the global market turmoil. -- AP
