Sweden Steps In And Pays Off Bankrupt Saab's EU Loan

Sweden's Debt Office has paid back a loan made by the European Investment Bank (EIB) to Saab, making the Nordic country the bankrupt carmaker's biggest creditor.

The Debt Office guaranteed Saab's original 400 million euro ($526 million) loan from the bank, which is the EU's long-term investment arm. Saab used 217 million euros of the loan.

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