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Danish housing rescue faces bank opposition as risks add to market stress

Posted on 25 August 2011

Denmark’s banks signaled they will resist a government plan to have Danes buy new homes before they sell their existing properties, arguing the proposal adds risk to an economy already stressed by a bank crisis and recession.
The minority coalition of Prime Minister Lars Loekke Rasmussen this week unveiled the plan in an effort to breathe life into the housing market after the number of properties for sale soared to a record last month……………………………………….Full Article: Source


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