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Canadian Business Online: EU approves $6 billion Swedish support package for banks to boost lending
The European Union has approved Sweden's 50 billion kronor ($6 billion) bank bailout plan that seeks to boost lending crippled by the credit crunch. The European Commission says the measures are limited in time and scope and "adequate" to deal with the crisis.
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- News Source: Androscoggin News | 9 months agoThe European Commission has approved a bailout plan drafted by Hungary to stabilize its financial institutions. EU Competition Commissioner Neelie Kroes says Hungary's plan will help restore confidence in its financial markets. The package of...
- News Source: Androscoggin News | 9 months agoThe European Union has approved Sweden's 50 billion kronor ($6 billion) bank bailout plan that seeks to boost lending crippled by the credit crunch. The European Commission says the measures are limited in time and scope and "adequate" to deal with...
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