Some governments also announced measures to provide relief to struggling homeowners, and attempted to stimulate domestic economies, particularly in those countries where the slowdown in housing markets was more significant.
Next, as the financial turmoil intensified and the need to support the entire financial system became clearer, the fiscal response in Europe and in the US evolved into more comprehensive plans designed to support entire domestic financial industries rather than individual institutions. Such plans typically comprised capital injections in exchange for equity and the more systematic provision of state guarantees.