European rescue raises debt fear

European governments have announced in October 2008 spending of nearly €200bn on arms-length vehicles to inject funds into banks and a further €1,250bn in guarantees of bank funding, with more to come, raising fears that the global financial crisis will land a huge blow to Europe’s public finances.

ESO: Background information: Markets surge on £1,465bn European bank bail-out http://www.europeansources.info/record/markets-surge-on-1465bn-european-bank-bail-out/

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