login
login

Europe Daily Bulletin No. 9647

22 April 2008
Contents Publication in full By article 10 / 26
GENERAL NEWS / (eu) eu/state aid

21/04/2008 (Agence Europe) - The British Central Bank, the Bank of England, on 21 April announced plans to assist banks and thus help to resolve the mortgage crisis. The "Special Liquidity Scheme" consists of the option for banks, where the majority of assets are made up of bad credit, temporarily to exchange these "non-liquid” bonds for Treasury Bills. Bills for a total of 50 billions of pounds Sterling will be made available on a threshold basis, according to a Bank of England press...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENT