Berlin agrees new package to save Hypo

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Series Details 6.10.08
Publication Date 06/10/2008
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Germany’s government and financial regulators agreed a second bail-out package for Hypo Real Estate, 5 October 2008, after the abrupt failure of a first attempt to rescue the property lender.

Related Links
ESO: Background information: Press Release: State aid: Commission approves German rescue aid package for Hypo Real Estate Holding AG http://www.europeansources.info/record/press-release-state-aid-commission-approves-german-rescue-aid-package-for-hypo-real-estate-holding-ag/
ESO: Background information: Rash of deals come under antitrust scrutiny http://www.europeansources.info/record/rash-of-deals-come-under-antitrust-scrutiny/
BBC News, 5.10.08: Germany seeks to reassure savers http://news.bbc.co.uk/1/hi/business/7653317.stm
Deutsche Welle, 6.10.08: Germany Rescues Hypo Real Estate http://www.dw-world.de/dw/article/0,2144,3692522,00.html
France24, 6.10.08: German banks agree to €50bn rescue plan for Hypo bank http://www.france24.com/en/20081005-germany-50-billion-euro-rescue-bailout-hypo-bank-crisis&navi=MONDE
Deutsche Welle, 19.2.09: Report: Ailing German Bank Needs Extra Billions http://www.dw-world.de/dw/article/0,,4040934,00.html

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