For the complete report from NPR click on this link
Europe Unifies Over Bank Deposit Guarantees - by Tom Gjelten
Europe Unifies Over Bank Deposit Guarantees - by Tom Gjelten
Against the background of the US financial crises, the European Union finance ministers who met in Luxembourg on Tuesday were able to reach one agreement: All EU countries now have to insure bank deposits up to 50,000 euros (about $68,000), and countries that want to can insure up to 100,000 euros. The finance ministers also agreed on "principles" EU governments should follow when providing new capital for their distressed banks. But the action falls short of the financial rescue plan adopted last week in the United States.
No comments:
Post a Comment