Germany guarantees personal savings a/cs
The German government offered to fully guarantee personal savings accounts to ease concerns about the stability of the nation’s banking system.
By Bloomberg |
RLIN: The German government offered to fully guarantee personal savings accounts to ease concerns about the stability of the nation���s banking system.
���Finance minister Peer Steinbrueck said people in Germany will not lose a single euro of their savings because of this crisis,��� said his chief spokesman, Torsten Albig.
The government is also trying to salvage a $49-b bailout plan for Hypo Real Estate after the company said commercial banks withdrew their support for the program.
���Finance minister Peer Steinbrueck said people in Germany will not lose a single euro of their savings because of this crisis,��� said his chief spokesman, Torsten Albig.
The government is also trying to salvage a $49-b bailout plan for Hypo Real Estate after the company said commercial banks withdrew their support for the program.
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