Germany gives HRE bank another 2.08 billion euros: SoFin

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Germany will give the troubled bank Hypo Real Estate another 2.08 billion euros (2.79 billion dollars) in aid, the financial market stabilisation fund SoFin said Wednesday in a statement.

On September 10, SoFin said it would extend an additional 40 billion euros in state guarantees to HRE, which had already received 7.85 billion euros in cash along with 103.5 billion euros in loan guarantees.

© 2010 AFP

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