Skip to content. | Skip to navigation

Personal tools
Sections
You are here: Home Breaking news Norway announces EUR 41 billion financial rescue package

Norway announces EUR 41 billion financial rescue package

13 October 2008, 00:06 CET
— filed under: ,

(OSLO) - Norway said Sunday it would issue 41 billion euros of government bonds to pay for measures to increase liquidity on financial markets help credit starved banks.

"We are giving banks the possibility of borrowing the best securities, the safest bonds there are," Finance Minister Kristin Halvorsen told a press conference.

"That ought to facilitate loans between banks," she said.

Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable.




Document Actions
Newsletters
EUbusiness Week Issue no 452 The new Swedish EU presidency's aims of tackling climate change and combatting unemployment in Europe are likely to be overshadowed by institutional difficulties.
The week's EU diary
This week the Budget Council is expected to reach agreement on the draft EU budget for 2010; and the Commission will present its annual report on customs seizures of counterfeit goods made at the EU's external border.
Week Ahead
Past newsletters
PARTNERS
Partnership
Publish your organisation's press releases, events, job vacancies, product information etc to EUbusiness.com's worldwide audience.
Membership
Partners
EU Gateway Programme logo International Finance Corporation logo IIR Events logo Intrum Justitia logo Jacob Fleming logo UKROM Link Anglospanish Solutions logo FTPB logo