Denmark's Bernstein justifies Roskilde takeover

The National Bank of Denmark opted to bail out Roskilde Bank, the country's eighth largest retail bank, on financial stability fears, Nils Bernstein, the governor of the central bank, said.

"We find that the circumstances of Roskilde Bank now pose a considerable threat to financial stability in Denmark," Bernstein said. "An important factor in this context is that several other Danish banks are also relying on the international capital markets as a source of financing. Consequently, any losses

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