In November 2008 the Greek government introduced a new law on the “Reinforcement of the economy's cash flow in order to face the consequences of the international monetary and financial crisis and other provisions”. The total amount of the rescue package is 28 billion euros. Under the plan the state will guarantee 3-5 year bonds issued by Greek banks in 2009 for up to 15 billion euros. In addition, the state will issue special government bonds worth up to 8 billion euros and deposit them with local banks, which, in turn, can use them to borrow from the European Central Bank. Under the third part of the plan the state will buy preferred shares in Greek banks. The maximum amount of the capital injection is 5 billion euros and the banks receiving it will have to cap executive pay and accept a state representative on their boards.