Bernstein: €9bn needed to save Danish banks

Nils Bernstein, the governor of the Danish central bank called on the public sector to provide Dkr70 billion (€9 billion) capital to the banking sector.

"A few Danish banks cannot withstand the expected economic development as it - with great uncertainty - looks today," the governor said on Monday."

The governor's statement accompanied the release of the central bank's biannual publication on financial stability, which concluded: "A capital injection of approximately kr70 billion to the banking

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