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Legal Update

Government interventions in the wake of the financial crisis - the European response

June 2009
Mayer Brown Legal Update
The past month has seen the Bank of England publish a consultation paper setting out proposed extensions to the Asset Purchase Facility, Ireland’s sovereign credit rating cut by S&P following the announcement of losses at a nationalised bank and the scale of the government’s “bad bank” plan, and talk in Spain of a EUR 9bn bank restructuring fund for rescue operations.

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