Spain Emergency Bank Actions
Published / Last Updated on 07/10/2008
The Spanish Government has announced plans for a €50bn emergency fund to provide liquidity by again buying shares in Banks similar to that announced in the UK today.
Spanish Prime Minister José Zapatero also announced a huge increase in the Spanish government guarantee for bank deposits from €20,000 to €100,000 to give full confidence to investors in their savings and avoid mass cash withdrawals.
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