Government offers banks 100 billions euro safeguard this year
Tuesday, October 14th, 2008New shock treatment to reactivate financial activity. The government will back bank bonds and promissory notes until year’s end for up to 100 billions euros. Likewise, an agreement has been reached – a “preventive” measure – whereby the government will buy up recapitalized bank shares.
The Spanish executive put the decisions adopted on Sunday by the [...]