VIENNA, Austria — Austria's government says it's prepared to prop up troubled banks with up to euro85 billion ($114 billion) in guarantees, if they need it to survive the global financial crisis.

Chancellor Alfred Gusenbauer says his government is also ready to provide an additional euro15 billion ($20 billion) in capital.

The pledges outlined Monday come a day after leaders of the 15 European Union nations that use the euro currency — which includes Austria — agreed to guarantee banks' debt and prevent banks from failing.

Last week, Austria also decided to guarantee bank deposits up to their full value, going well beyond the EU minimum insurance of euro20,000 ($26,835) per account.