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France loan guarantee up to 320 billion euros
Mon, Oct 13, 2008
AFP

>PARIS, Oct 13, 2008 (AFP) - France will guarantee up to 320 billion euros of interbank loans (435 billion dollars) to shore up the crisis-hit financial sector, President Nicolas Sarkozy announced on Monday.

"The state will bring its guarantee to the loans that banks require," Sarkozy said, as he announced France's bail-out measures in an address to the nation.

 

 
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