home » General » Bailouts are the New BlackBailouts are the New Blackposted by arbaaz(27) 13 months ago (www.businesspundit.com)  The Financial Times describes today’s rash of international bailouts: Leaders of the 15 eurozone countries agreed to a plan that will guarantee loans between banks through 2009 and allow governments to buy stock in distressed financial companies. Australia guaranteed wholesale funding for banks. Britain said it would inject as much as $63 billion into three banks; Germany made its own announcement of a $107 billion recapitalization plan. The ECB, the Bank of England and the Sw read more » |
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