Showing the power of markets, working to gather confidence in America Federal Reserve (FED) and the European Union (EU), financial institutions throughout the crisis and announced that the companies support a total of $ 9.2 trillion.
3.3 trillion dollars in 32 months
Federal Reserve, according to the bank between December 1, 2007 to July 21, 2010, 3.3 trillion dollars in new support was 32 months. Bank and various organizations that the money given for 11 different program, were 21 thousand transactions. 27-member EU since the outbreak of the banking crisis in the financial sector helped to 4.5 trillion euros.
GE to Harley-Davidson
EU aid, guarantees, and grants also include asset recovery, 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. In addition, the Federal Reserve, as well as European banks, American banks and central banks in a sense because of the credit facility to produce 'the world's central bank' has become. According to the statement, the U.S. Federal Reserve Bank Of America and Wells Fargo to benefit from programs, the Swiss UBS, the Fed Finance Bill Funding Facility (CPFF) program, the British Barclays Bank also benefited from another program.
Fed's loan loss was not
Federal Reserve in December 2007 until October 2008, foreign central banks swap (mutual exchange swap) also provides the opportunity, explaining the possibility that most of the European Central Bank (ECB) have benefited. In this process, other yananlananlar United Kingdom, Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden and Switzerland were the central banks. Federal Reserve, also stressed that ended in loss of credit recovery programs.
The greatest support from England
27-member EU since the outbreak of the financial sectors of banking crisis assistance, guarantees and grants 4.5 trillion euros (5.9 trillion U.S. dollars) helped. Largest economies in the Euro Zone is not England, in October of 2008 in October of 2010 with 850.3 billion euros of financial sector by supporting the EU's financial assistance took place at the beginning of the list. Britain, Ireland with 723.3 billion euros, followed by Denmark with 599.7 billion euros. Lithuania took part in last place with the 1.7 billion euros.
Who gave how much money the Fed
Swiss UBS, Finance Bill Funding Facility (CPFF) program received $ 74.5 billion.
British Barclays Bank in another program, the Fed on September 18, 2008 was 47.9 billion dollars.
U.S. Fed Bank of America and Wells Fargo in a program borçlandı 45'er billion dollars.
Belgian Dexia 23 billion dollars in 2008, the German Commmerzbank approximately $ 20 billion, 27 billion dollars have benefited from the French Natixis.
Programs outside the Federal Reserve Banks, General Electric (GE) of more than $ 16 billion company, Harley-Davidson, Caterpillar 733 million dollars to 2.3 billion dollars and took credit.
IMF underestimated the crisis in Europe
International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn said that Europe should be underestimated in the debt crisis. Strauss-Kahn, in Ireland, especially from the banking sector in Europe, the crisis is serious and should be underestimated, drawing attention to the decisions taken to solve the problems in the banking sector and said that Ireland oturacağını economy back on track quickly. Strauss-Kahn, the IMF and the World Bank, the heads of the next election should also drew attention to the fast-growing emerging economies.
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