More Pressure On Darling to Extend Cover for Savings

Summary


Chancellor Alistair Darling was under increasing pressure last night to extend state protection for bank depositors, after the German government announced it would guarantee all private savings accounts.

Germany's Chancellor Angela Merkel said no citizen should fear for the safety of their savings, as the country was gripped with uncertainty over the future of its secondlargest mortgage lender Hypo Real Estate, which is teetering on the brink of bankruptcy.

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Extract


More Pressure On Darling to Extend Cover for Savings

Earlier moves by Ireland and Greece to guarantee 100 per cent of saving...

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