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An investment rather than a bailout!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

2 Posts
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  1. Luxorama 3 juli 2013 19:22
    Nationalisation SNS REAAL does not affect government balance sheet

    In the first quarter of 2013, SNS REAAL was nationalised. The government invested 2.2 billion euros and granted a loan of 1.1 billion euros. Cancellation of debt contributed to improvement of SNS REAAL’s financial position. The current value of SNS REAAL is higher than the nationalisation price and the capital is expected to bring in a decent return. According to EU monetary rules, this makes it an investment rather than a bailout, which will have no effect on the government balance sheet, although the bailout causes public debt to increase by 3.3 billion euros.

    www.cbs.nl/en-GB/menu/themas/overheid...
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