DW-World.de
Deutsche Welle

The German government has reached a revised plan to bail out one of the nation's biggest mortgage lenders, Hypo Real Estate. Commercial banks and insurers are to inject a further 15 billion euros in liquidity on top of an initial pledge of 35 billion euros. The German finance ministry said in a statement that had it allowed Hypo Real Estate to collapse, it would have led to incalculable damage to the financial services sector across Europe.