COPENHAGEN (Source: chinadaily) – The Danish government on Thursday unveiled a new plan aiming at protecting sound banks against bankruptcies and facilitating them to acquire those struggling ones.“It is important that the sector experiences stable conditions in future. Banks are the locomotives of Danish society,” Minister of Economy and Business Affairs Brian Mikkelsen was quoted by local media as saying.

Analysts believe bankruptcies would impact the creditworthiness of the entire Danish banking sector and thus make it more expensive for Danish banks to raise capital from foreign lenders.

Source: chinadaily

Updated: 2011-08-26 06:42

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