Austria to help banks with up to 100 billion euros

Austria to help banks with up to 100 billion euros Submitted by William Kaelin on Mon, 10/13/2008 - 21:56. Economic Austria Vienna The Austrian government announced Monday it would provide up to 100 billion euros (134 billion dollars) to strengthen the country's banks in reaction to the international financial crisis. "This is not a rescue plan - that's not necessary," said Vice Chancellor and Finance Minister Wilhelm Molterer, according to Austrian news agency APA. »

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