DW-WORLD: German Government Announces Rescue Deal for Banks The German government has announced a rescue package for its banks which would include 80 billion euros ($108 billion) in fresh capital and 400 billion euros in loan guarantees, the finance ministry said in a statement.
(13.10.2008) DW-WORLD: Financial Crisis Merkel's Greatest Challenge, Experts Say Estimates of the cost to the German taxpayer of rescuing banks still varied wildly, with high-end guesses coming in at 400 billion euros. Merkel: Situation serious, confidence must be regained ...
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Merkel backs Ukraine's NATO bid ... The government said it would announce details of the bailout on Monday. (13.10.2008) DW-WORLD: Banks Need State Aid to Avoid Worst of Credit Crisis, Merkel Says Chancellor Angela Merkel sought backing Sunday from skeptical Germans for a costly bank rescue plan. Berlin's bail-out package could cost German taxpayers billions of euros. (12.10.2008)
(Deutsche Welle)
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