Current Affairs EU ministers agree on steps to reassure savings account owners
EU ministers meeting in emergency talks in Luxembourg on Tuesday agreed on steps to stabilise the situation for European banks, hit or under threat by the global financial crisis. At the heart of the agreement: a pledge by individual countries to raise the guarantee for customers’ savings accounts to a minimum of 50,000 euros, around double the amount currently provided in most countries including the Czech Republic. The move is aimed at calming savings account holders and, by turn, renewing confidence in banks hit hard in the on-going crisis.
Pavel Mertlík
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