Bundesbank to provide Hypo Real with liquidity
BERLIN, Oct 6 (Reuters) - Germany's central bank, the Bundesbank, has agreed to provide embattled lender Hypo Real Estate (HRXG.DE: Quote, Profile, Research, Stock Buzz) with short-term liquidity, the Finance Ministry said on Monday.
Ministry spokesman Torsten Albig made the announcement at a regular news conference after Finance Minister Peer Steinbrueck said the country was considering a nationwide "umbrella" to shield its banking sector from market turmoil.
German government spokesman Ulrich Wilhelm added that a German federal guarantee for private savings was different to one being offered by Ireland, which he said targeted banks.
(Writing by Dave Graham)
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