Dutch bail-out pot of 20 billion

Just passing this along, without much comment:
The Dutch government has readied €20 billion (US$27.4 billion) in funding to support financial institutions in the Netherlands during the ongoing credit crisis.

Finance Minister Wouter Bos says the money will be available to any "essentially healthy" bank or insurer.

He told reporters Thursday that the move was aimed "to protect essentially healthy financial institutions against extreme shocks."

During the press conference Finance Minister Wouter Bos said the money is not necessarily spent, but is meant to restart the credit flow and thus fibrillate the (Dutch) economy. Compared to the US bail-out it is rather paltry. Then again, the problems facing the US and UK financial markets are less of an issue in the Netherlands.

Tomorrow we'll see what the market thinks...

0 reacties:


Related Posts Plugin for WordPress, Blogger...