The Commission approved the Finnish support scheme to stabilise financial markets by providing guarantees to eligible financial institutions.
The Commission approved the Finnish support scheme to stabilise financial markets by providing guarantees to eligible financial institutions.
The Finish guarantee scheme would cover, against remuneration, the issuance of new short and medium term non-subordinated debt with a maturity between 90 days and three years. A maturity of up to five years is limited to mortgage-backed bonds only. The scheme's overall budget is capped at €50 billion.
Press release
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