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Extra funds
February 4, 2009, Wednesday
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Print Edition
Print Edition
SWEDEN'S government said yesterday it is ready to inject an additional 50 billion kronor (US$6 billion) into the nation's banks in a fresh bailout initiative designed to boost lending to Swedish companies hurt by the credit crunch.
The additional money will be made available to banks through a previously announced "stability fund."
The additional money will be made available to banks through a previously announced "stability fund."
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