Financial Times FT.com

Nordic nations watch from the sidelines

By David Ibison and Robert Anderson in Stockholm

Published: October 13 2008 22:32 | Last updated: October 14 2008 14:17

The Nordic region is seeking to distance itself from the woes afflicting the rest of Europe’s banks by making clear its main lenders do not need a government-backed bail-out.

A day after a Europe-wide banking action plan was unveiled, Sweden, Norway and Finland drew a deliberate line between their own banks and troubled lenders elsewhere in Europe.

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