:. Food Industry News


Dutch to Provide 20 Bln Euros for Fin. Companies

Source: Reuters
10/10/2008

Amsterdam, Oct 9 - The Dutch government will set aside 20 billion euros ($27.5 billion) to inject capital into the country's financial companies if and when necessary, Finance Minister Wouter Bos and central bank governor Nout Wellink said on Thursday.

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Bos told a late-night news conference that the money was immediately available to protect healthy financial companies amid the market turmoil. Other European countries were planning similar measures, Bos said.

"Financial institutions that want to use these facilities have to show financially responsible behaviour," Wellink said, adding that details needed to be filled in but will likely include that banks have to make money available to others.



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