by Calculated Risk on 10/11/2008 07:13:00 PM
Saturday, October 11, 2008
$400+ Billion German Bailout Possible
From the WSJ: German Bailout Likely to Be Over $400 Billion
German Chancellor Angela Merkel heads to Paris to present Sunday to her colleagues from the euro zone a financial sector bailout plan for Germany ... A person familiar with the situation told Dow Jones Newswires that the government is considering a total bailout plan of €300 billion to €400 billion ($402 billion to $536 billion), which includes state guarantees and the option to get a direct stake in banks. As part of this, the government is mulling recapitalizing financial institutions by injecting €50 billion to €100 billion in capital ...Looks like another busy Sunday!