Several European countries have announced a major rescue plan in order to save their banks.
On the one hand this plan includes guaranteeing lending between banks.
On the other hand the governments will take stakes in ailing banks.
The goal of these actions is to lift the confidence and to prevent banks from having liquidity problems. (BBC)
Caroline Lemmens
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Several European countries have announced a major rescue plan in order to save their banks.
On the one hand this plan includes guaranteeing lending between banks.
On the other hand the governments will take stakes in ailing banks.
The goal of these actions is to lift the confidence and to prevent banks from having liquidity problems.
Excellent flow, good English
olaf
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