Tuesday, November 25, 2008

The picture looks just like on this side of the Atlantic, but with a day behind. 

Spain: 38 billion euros the government is injecting in the economy. Two year freeze on interest for house loans, 170 million euros for small companies who hire people with families.

Germany: 500 billion euros injection in banks, 8.2 billion euros in the Commerzbank, 50 billion euros for car manufacturers. On this Germany is ahead, we here (in the States) are still thinking. 

Italy: 10 billion euro for banking transactions.

Austria: 1.9 billion euro for tax incentives, which will help in further investment for new infrastructure. 

Irland: 554billion euro for reassuring investment that their money is safe.

France: 40 billion euro for banks, 10.5 billion euro for banks the six biggest ones, as a loan, which they say is repayable.??????? 100,000,000 million for new hirer's for small businesses.

Great Britain: 600 billion euro for banks, 50 billion for immediate government purchase of RBS, HBOS, Lloyds.