That Was Quick…

It was only a few days ago that Ms Merkel, the German Chancellor, was strongly criticizing the Irish for guaranteeing all savings deposits and now guess what:

Germany will guarantee all private savings accounts, says Chancellor Angela Merkel, as a major bank struggles to stay in business.

Add:
Full deposit protection is nigh
German govt to guarantee deposit accounts-ministry

Posted by jck at 12:30 pm EST on October 5th, 2008 |

3 Responses to “ That Was Quick… ”

  • # 1 SS Says:

    It’s always different when it’s your ox that gets gored. There’s plenty of bailouts in progress this weekend. The knock on effects to the CDS market are likely to be substantial.

  • # 2 What Guru’s are Saying : Continuing Coverage: German Waffling Says:

    [...] That Was Quick… [Alea] Published Sunday, October 05, 2008 4:15 PM [...]

  • # 3 Sunday links: nowhere to hide « Abnormal Returns Says:

    [...] Sunday links: nowhere to hide 05Oct08 Germany moves to shore up confidence its banking system.  (NYTimes.com, Alea) [...]

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