Business News
Merkel statement implies guarantee on bank deposits (Extra)
Oct 5, 2008, 15:09 GMT
Berlin - German Chancellor Angela Merkel said Sunday Germans' private deposits at banks were secure, a statement that government sources said implied a full government guarantee for personal bank accounts.
'We are saying to women and men savers that their deposits are safe,' said Merkel just after meeting with senior ministers in Berlin on the crisis at Hypo Real Estate, a major mortgage lender.
German Finance Minister Peer Steinbrueck added, 'I want to emphasize that we'll do what it takes to ensure women and men savers in Germany need not fear losing a single euro of their deposits.'
While neither of them elaborated, sources told Deutsche Presse-Agentur
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Older Talkback
page: 1
'Between the devil and the deep blue sea'. Implies doesn't mean a thing, unless it is legistlated. The definition of a fool is a person who trust a politician. However once it is legistlated then it means it's the law. So the question is why doesn't Ms Merkel bring a legistlation forward ?
The silence will tell volumes.
page: 1
johnOct 5th, 2008 - 15:39:40
That is all Merkel said?
The silence is deafening. That means there is NO DEAL.
Look out below!
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