06.10.2008 - Euro 50 bln bailout agreed for Hypo Real EstateHolding
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