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    Sweden launches $205 bln financial stability package

    Reuters
    20.10.2008 - 15:49 | Son Güncelleme:

    The Swedish government on Monday outlined a plan to support the country's financial institutions that will include credit guarantees and a bail out fund.

    The government said the measures, aimed to restore confidence in the financial markets, would guarantee financial firms' middle-term duration liabilities up to a level of 1.5 trillion Swedish crowns ($205 billion).

    Sweden will also set aside 15 billion crowns in stabilisation fund.

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