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Germany's Hypo Real Estate bank may collapse

Global financial crisis hits Germany too

Toytown Germany > Discussion forum > Germany-wide > German news
PES
BBC: Germany seeks to reassure savers

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German Chancellor Angela Merkel has moved to reassure savers in German financial institutions that their deposits are safe.
The move came as a major bank struggled to stay in business.
However, BBC business editor Robert Peston says it is unclear whether this is a 100% government guarantee of all savings deposits.
Germany's second biggest commercial property lender is in trouble after a 35bn euro rescue plan collapsed.
PES
BBC: Germany clinches bank rescue deal

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Germany's finance ministry has agreed a 50bn euro ($68bn; £38.7bn) plan to save one of the country's biggest banks.
The deal to save Hypo Real Estate, reached with private banks, is worth 15bn euros more than the first rescue attempt, which fell apart on Saturday.
Germany earlier announced an unlimited guarantee for all private savings, and Denmark later followed suit.
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