Sweden launches financial stability package

Article reports that Sweden became the latest European country to take action on the 20 October 2008 to stabilise its financial system with the creation of a $205bn programme to boost liquidity in the system and take direct stakes in its banks if needed.

Swedbank: Press Release, 4.11.08: Swedbank to participate in the stability plan http://www.realpennies.com/index.php?option=com_stocksonline&controller=company&view=shownewsarchiveitem&id=1913&symbol=SWDBY

ESO: Background information: Sweden says its banks will weather recession http://www.europeansources.info/record/sweden-says-its-banks-will-weather-recession/

Sweden: Government: Press Release, 20.10.08: The Swedish Government proposes plan to secure the stability of the financial system http://www.sweden.gov.se/sb/d/10213/a/113805

Sweden: Government: Areas of responsibility: National economy and budget http://www.sweden.gov.se/sb/d/2106

BBC News, 20.10.08: Sweden in finance stability plan http://news.bbc.co.uk/1/hi/business/7679355.stm

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