The banking sector and political parties have reacted favourably to the Dutch government’s decision to inject up to €20bn into the country’s financial institutions, reports the Nos website on Friday morning.

The surprise announcement was made at a press conference by finance minister Wouter Bos and the president of the central bank Nout Wellink on Thursday night.
The cash is intended to protect companies that are ‘essentially healthy’ against the consequences of the credit crunch.
The setting up of the fund marks a shift in policy from reacting to the ongoing crisis to taking active steps to head off further problems, Bos told reporters.
Right move
Paul Koopman, a spokesman for the association of insurers told the Financieele Dagblad that the shocks in the financial system justify the government’s actions.
Rabobank’s chief economist Wim Boonstra said it is sensible that preventive steps are being taken, although his bank does not need support at present, reports the Nos website.
It is not yet clear how the fund will work but it seems that aid could be given as a loan or in exchange for shares. Companies will be expected to pay the government back at some stage and executives at the firms involved will have to accept limits on pay and bonuses, said news agency AP.
MPs are cautiously positive about the move but have asked the cabinet for more details and are to break their autumn recess next week to debate the issue.
How secure is your financial future? To take part in our poll, click here