The aims is for most of the money to be given out as repayable loans.

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Publicly created money without interest should be issued by governments to write down un-repayable debt and restart or stimulate stalled economies.

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Hope project restart, repayable from the proceeds of the bank loan.

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Growth will boost corporate earnings in ways that give stocks a sustainable reason to rise, make the government's debt burden repayable, and stimulate wage growth and consumer confidence.

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The loans are reportedly convertible or repayable after five years.

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The bonus was repayable as a loan over a period of several years, the people said, and until recently Mr. Makan owed Morgan Stanley several million dollars on the loan.

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But Ms Stirling added that a second element, where the UK government would provide a loan of up to 20% of the equity, repayable once a home was sold, was for England only.

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Most of the money will be handed out as repayable loans, but the Treasury Minister Senator Philip Ozouf has admitted not all projects would be successful so some public money would be lost.

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In particular, they say that such a change could mean that many outstanding bonds would be called becoming repayable at once which would cause huge losses to investors, because they are trading at a premium.

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It permitted both repayable direct state aid (the European approach) covering up to a third of all development costs, known as launch aid, and indirect state aid (the American approach) if limited to 3% of the domestic industry's sales volume.

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