EU Approves Dutch $261 Billion Bailout Plan
And the worldwide trend towards corporate welfare continues in the Netherlands…
The European Commission said Friday it had approved a Dutch financial bailout plan intended to restore and facilitate the financing of Dutch financial institutions.
The Commission found the Dutch plan to be in line with European Union (EU) rules on state aid for overcoming the current financial crisis.
“The scheme constitutes an adequate means to remedy a serious disturbance in the Dutch economy while avoiding undue distortions of competition,” it said.
Dutch financial institutions were hard hit by the credit crunch due to the drying up of the interbank lending market in the wake of the financial crisis.
The Dutch government adopted a guarantee scheme earlier this month which aims to tackle the liquidity problems of financial institutions created by the drying up of the market of unsecured loans. The plan involves a guarantee of 200 billion euros (261 billion U.S. dollars) in bank loans.
Government
Special Offers
Partners
Recent Posts
- Glenn Beck Indoctrinates Donald Duck
- Happy Easter from the Bailout Bunny
- Companies Receiving Bailout Using Offshore Tax Shelters
- Just So You’ll Know….
- Some Other Bailouts That Should Have Been…
- Death of a tax(bailout)?… wait, that’s not how the saying goes…
- Obama hopeful auto bailout deal possible this week
- Thanksgiving in Washington – What a Tasty Looking Turkey…
- New car concepts that will have to wait…
- New Vehicle Coming Soon…
Start Producing Wealth- Identity Theft, Credit Score, And Fraud
- Identity Theft No Longer Just About The Money
- What To Do If You Think Your Identity Was Stolen
- Top 5 Identity Theft Scams
- Identity Theft: Protecting Your Information While Online
- Identity Theft And Social Media
- Identity Theft Online: How do you protect yourself? (Part 2)
- Identity Theft Online: How do you protect yourself? (Part 1)
- Equifax Coupon Code 2012 – Complete, ID Patrol, 3-In-1
- Four defendants in jail for identity fraud
Identity Theft Articles- Wiping Your Hard Drive Clean - Great Identity Theft Protection
- Using A Shredder To Protect Your Identity
- Identity Theft Of Deceased Persons - An Awful Crime
- Single-use Credit Card Numbers Should Be Used More Often
- Things To Look For In Identity Fraud Protection Services
- What To Do When You Lose Your Wallet
- How To Avoid Identity Theft In Your Business
- What to Do If You Lose Your Social Security Card
- History Of Equifax - Company Owns Your Secrets
- How To Prevent Identity Theft From Happening
Office Walker- Using a Treadmill Desk For 6 Months
- A Treadmill Desk Walk Through Terre Haute, Indiana
- Virtual Walk Past Farmersburg, Indiana – Treadmill Day 38
- 31 Days Using a Treadmill Desk – Status Report
- How To Start A Weight Loss Program (No Treadmill Needed)
- The Treadmill Desk Revolution Is Spreading – Day 24
- My Vacation (From Treadmill Desk Blogging)
- Using a Treadmill Desk – Day 18
- Treadmill Desk Workstation, Loving It – Day 14
- Walking Barefoot On Treadmill Experiment
