Originally published 26 May 2009

Keywords: Government interventions, financial crisis, European response, cabinet approval, bad bank plan, Germany, United Kingdom, Belgium, Asset Backed Guarantee Scheme,

The past month has seen cabinet approval of a "bad bank" plan in Germany, the Asset Backed Guarantee Scheme become effective in the United Kingdom and further banks bailed out in Belgium.

Welcome to the May edition of our series of updates designed to keep you up to speed with these and other developments in Europe.  This update sets out government interventions to date (including those taken during the past month) and covers 18 jurisdictions:

Belgium

Denmark

ECB

Finland

France

Germany

Greece

Iceland

Ireland

Italy

Luxembourg

Netherlands

Norway

Portugal

Spain

Sweden

Switzerland

United Kingdom

Updated copies of these papers will be available to you through the Financial Market Distress area of our website.

For additional information about the financial crisis, both within and outside of Europe, please refer to our Global Financial Marketing Initiative page.

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