The bailout culture continues strong with The Netherlands bailing out SNS Reaal at a cost of...

|By:, SA News Editor

The bailout culture continues strong with The Netherlands bailing out SNS Reaal at a cost of €3.7B after a private-led rescue collapsed. The 4th largest financial institution in the country with €134B in assets, SNS was hit by losses in its property holdings. The bailout should do wonders for the already struggling Dutch government budget deficit.