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Europe Daily Bulletin No. 9760

14 October 2008
Contents Publication in full By article 12 / 36
GENERAL NEWS / (eu) eu/economy
Member States flesh out bank rescue plans

Brussels, 13/10/2008 (Agence Europe) -On Monday 13 October 2008, the day after a summit of eurozone Member States, several Member States fleshed out the details of their national bank bailout plans (see related article).

After the United Kingdom, France and Germany announced that until the end of next year they will be guaranteeing inter-bank loans lasting up to five years. Upper limits on the British, French and German guarantees are set at £250 billion (€325 billion), €320 billion...

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