Personal tools
Skip to content. Skip to navigation

EUbusiness.com - business, legal and economic news and information from the European Union

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

Norway announces EUR 41 billion financial rescue package

12 October 2008, 23:06 CET

(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.




Subscribers
EUbusiness Week 422
Euro-MPs back Blue Card scheme
NEWSLETTER SIGNUP
Week Ahead
CAP reform Health Check
WEEK AHEAD SIGNUP
Premium Partner
Credit Crunch and Late Payments - Intrum Justitia
PARTNER SIGNUP
* SUBSCRIPTIONS *
Cache EUB's Breaking News Portlet as HTML Cache EUB's Upcoming Events Portlet as HTML
Text links
Text links
Your link here