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06.10.2008 - Berlin, private banks bail out Hypo Real Estate

The German government has Bayern Munich draws against Olympique Lyon ...
USA lead 9-7 before final day at Ryder Cup ...
reached a revised plan to bail out one of the nation's biggest mortgage lenders, Hypo Real Estate.

The Czech Republic news are represented by www.czechrepublic-prague.com

Commercial banks and insurers are to inject a further 15 billion euros in liquidity on top of an initial pledge of 35 billion euros. The German finance ministry said in a statement that had it allowed Hypo Real Estate to collapse, it would have led to incalculable damage to the financial services sector across Europe.

(Deutsche Welle)


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