BERLIN (Reuters) - The German government and banks on Sunday agreed a new rescue package for Hypo Real Estate that addresses additional liquidity needs that surfaced at the troubled German lender in recent days, the Finance Ministry said.
Under the deal, commercial banks and insurers would provide an extra 15 billion euros ($20.8 billion) in liquidity for HRE on top of the 35 billion euros they already committed together with the Bundesbank, the ministry said.
The solution will stabilize HRE and strengthen the German finance sector, it added.
A ministry spokesman said HRE was saved and there would be no extra burden on the German tax payer.
(Reporting by Iain Rogers, editing by Noah Barkin)
