Sweden backs down from bank stand-off

Article reports that Sweden’s government has backed down from a potentially damaging stand-off with the country’s largest banks over whether they will join a proposed SKr1,500bn loan guarantee scheme after agreeing to make changes to the plan to get them on board, November 2008.

ESO: Background information: Swedish threat to wary banks http://www.europeansources.info/record/swedish-threat-to-wary-banks/

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