U.S. and Europe since the beginning of the crisis has injected money in the market to one ha. Benefits and the amount of loans are explained later. The resulting figure is far beyond the predictions. The total amount of money given to the EU and the U.S. market 10 trillion dollars.
3.3 TRILLION DOLLARS HAS 21 THOUSAND U.S. operation
U.S. Federal Reserve (Fed) provides credit to help stabilize global markets, companies, announced that during the crisis. Accordingly, the bank, between December 1, 2007 to July 21, 2010 by 3.3 trillion dollars in 11 different loan program gave 21 thousand transactions. The Fed, during the crisis, American and foreign banks, central banks of other countries, to companies ranging from General Electric Harley-Davidson, as well as pension funds, credit provided.
According to data from the Fed, the Swiss UBS, the Fed Finance Bill Funding Facility (CPFF) program borçlandı 74.5 billion dollars. British Barclays Bank in another program, the Fed on September 18, 2008 was 47.9 billion dollars. The Fed, as well as the European banks, American banks and central banks because of credit facility to create a sense of''becoming''the world's central bank, American Bank Of America and Wells Fargo in a program the Fed borçlandı 45'er billion dollars.
MONEY NOT THE BANK NOT
Belgian bank Dexia Fed's 23 billion dollars in 2008, the German Commmerzbank about 20 billion dollars, the French bank Natixis benefit from 27 billion dollars in the Fed program, General Electric (GE) company of more than $ 16 billion, 2.3 billion dollars in Harley-Davidson and Caterpillar 733 million dollar loan.
Fed's CPFF program, benefiting from three of the top seven companies that created the private companies. New York-based Hudson Castle 53.3 billion dollars, 42.8 billion dollars and the Liberty Hampshire Co., BSN Holdings. Borçlandı 41.4 billion dollars. Large institutional investors, Pimco, T. BlackRock'ın Rowe Price and the country's largest public pension fund, as well as California Public Employees Retirement System and the City of Bristol Fonu'nın Pension funds, as well as some insurance companies have benefited from the Fed.
MOST benefited from ECB
The Fed also December of 2007 until October 2008, foreign central banks swap (reciprocal currency swap) provided the opportunity. This possibility most of the European Central Bank (ECB), using the other beneficiaries of the United Kingdom, Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden and Switzerland were the central banks. The Fed, which ended in recovery programs, said that the credit loss.
EUROPE 6 trillion HELP
European Union (EU) countries, the banking crisis in the financial sector since the outbreak of 4.5 trillion euros (5.9 trillion U.S. dollars) helped. Help, guarantees, grants and includes asset recovery. England, in October of 2008 in October of 2010 with 850.3 billion euros in financial sector by supporting the top of the list took place. Britain, Ireland with 723.3 billion euros, followed by Denmark with 599.7 billion euros.
Support the financial system in the last row of the list with 1.7 billion euro in Lithuania took place.
European Commission, the banking sector has drawn a framework to reduce gradually the benefits. Accordingly, from January 1 of each bank in need of support from the government will have to accept a restructuring plan. Vice President, Joaquin Almunia, the EU Commission's competition,''special state-funded aid regime, which lasted almost two years after the need no longer preparing to return to normal market function,''he said slowly.
Financial sector crisis were excluded support for all members of the European Commission approved in 2009 as 73.2 billion euros in 2008, was the support.
Their support and financial sectors in EU countries as follows:
THE FINANCIAL SECTOR SUPPORT (billion euros)
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United Kingdom 850.3
723.3 Ireland
Denmark 599.7
Germany 592.2
France 351.1
Spain 334.3
Belgium 328.6
Netherlands 323.6
Sweden 161.6
Austria 91.7
Greece 78.0
Finland 54.0
Portugal 20.5
Italy 20.0
Slovenia 12.0
Luxembourg 11.6
Hungary 10.3
Poland 9.2
Latvia 8.8
Slovakia 3.4
3.0 Cyprus
Lithuania 1.7
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TOTAL 4,588.9
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