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Euro 50 bln bailout agreed for Hypo Real EstateHolding

Posted on 06 October 2008

From Irishtimes.com: The German government and the country’s banks and insurers agreed on a €50 billion rescue package for commercial property lender Hypo Real EstateHolding AG after an earlier bailout faltered.

The financial industry agreed to double a credit line for Hypo Real Estate to €30 billion, Torsten Albig, a spokesman for Finance MinisterPeer Steinbrueck, said last night.The government and the Bundesbank have said that Hypo Real Estate, Germanys second-biggest property lender, is too big to fail….. Full Article: Source


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