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Of this, $100 billion is in the form of guarantees for foreign-currency debts.
The Olkiluoto 3 project has not received public aid from the Finnish state, either in the form of guarantees or grants.
Official 2015 OECD data shows that $36.4bn was mobilised from the private sector between 2012 and 2014 through official development finance interventions in the form of guarantees, syndicated loans and shares in collective investment vehicles (development-related investment funds).
Established last year by the 17 euro zone countries, the facility aims to preserve financial stability in Europe's monetary union by providing temporary financial assistance in the form of guarantees to euro zone member states that are facing difficulties.
Mr Martins, an economist by training, provided his own, even higher estimate of Madeira's debt — €7.3 billion — with additional liabilities in the form of guarantees given to help local government-controlled companies issue more debt.
And if the plan is going to take the form of guarantees, it needs to involve guarantees of most, if not all, of the bad assets, and it needs to be clear exactly what the government is guaranteeing and how those guarantees will affect the banks' balance sheets.
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There are also massive global consequences, in the form of guaranteed emissions.
Such mortgages might vanish, or become too costly, without some form of guarantee.
But even these willing contributors are keen for the Treasury to provide some form of guarantee on construction risk.
Why, for example, would any homeowner be reassured by it if it carried no form of guarantee?
The insurance companies had provided a form of guarantee, known as surety bonds, in the event that Enron did not make good on its obligations.
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