| |
| >> Back to the article | |
| Oct 20, 2008 | |
|
Sweden presents $295b plan
|
|
| 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 | |
 | |
| Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access |
|
 |
|
|
|
Best viewed at 1152x864 resolution with IE 6.0 or
FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co.
Regn No. 198402868E | Privacy Statement
| Terms & Conditions
|
|
