Bailout

Eurozone Pitches In

By Admin

England: £400 Billion plan, £250 Billion of which allocated for bank loan guarantees. £37 Billion equity investment in three largest banks: 60% stake in Royal Bank of Scotland and more than 40% of the combined Lloyds TSB and HBOS (the country?s largest mortgage lender).

Germany: ?400 Billion for bank debt guarantees and ?100 Billion financial market stabilization fund to take stakes in banks.

France: ?320 for bank loan guarantees and ?40 Billion to take stakes in banks.

Spain: ?100 Billion to guarantee new debt issued by commercial banks this year and an unspecified further amount next year.

Italy: $27 Billion for banks.

Austria: Preparing to announce ?85 Billion plan.

Check back. We’ll keep a running total here….

Full post as published by Bailout Report on October 13, 2008 (boomark / email).