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Sweden extends aid for banks

Sweden has extended its programme of capital injections into banks until February 2010, warning that the impact of the financial crisis is still being felt. Financial markets minister Mats Odell said the government wanted to ensure that companies and individuals have access to secure loans under reasonable conditions. The Swedish government unveiled a 50bn kronor (£3.9bn) earlier this year to help boost lending to households and companies. The scheme was originally planned to close on 17 August.