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
October 5th, 2008 at 1:44 pm
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.
October 5th, 2008 at 6:58 pm
[...] That Was Quick… [Alea] Published Sunday, October 05, 2008 4:15 PM [...]
October 5th, 2008 at 9:30 pm
[...] Sunday links: nowhere to hide 05Oct08 Germany moves to shore up confidence its banking system. (NYTimes.com, Alea) [...]