Germany may need shield for bank sector-Steinbrueck
Mon, Oct 6 2008, 06:47 GMT
http://www.afxnews.com
BERLIN, Oct 6 (Reuters) - Germany needs to consider establishing a nationwide umbrella to protect its banking sector, German Finance Minister Peer Steinbrueck said on Monday.
"We must now attempt, by way of a singular solution with Hypo Real Estate, to put up an umbrella for Germany as a whole, so that we don't go from one case to the next," Steinbrueck told German radio Deutschlandfunk.
Germany on Sunday thrashed out a new rescue for imperilled lender Hypo Real Estate and also pledged to guarantee private savings accounts.
Steinbrueck also said he could not rule out the state raising its guarantee for Hypo Real Estate.
He also said Hypo's collapse would have meant a conflagration across the banking sector and that the measures to protect savings were meant to give people a reassuring signal.
(Reporting by Madeline Chambers and Dave Graham) Keywords: HYPOREALESTATE/STEINBRUECK
tf.TFN-Europe_newsdesk@thomson.com
vs
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Breaking Forex News
Brazil Real Closes Unchanged In Thin Volume
Dow Jones | Mon, Nov 23 2009, 18:53 GMT
Forex: GBP/USD moves away from daily highs
FXstreet.com | Mon, Nov 23 2009, 18:37 GMT
Forex: USD/CHF consolidates low levels below 1.0100
FXstreet.com | Mon, Nov 23 2009, 17:57 GMT
US Economic Indicators: Latest 6 Months Data-Nov 23
Dow Jones | Mon, Nov 23 2009, 17:42 GMT
US Economic Indicators: DJ Survey Of Forecasters-Nov 23
Dow Jones | Mon, Nov 23 2009, 17:41 GMT
Latest Updated Reports
Fundamental Currencies Comments - Stocks, commodities gain; Dollar declines by ecPulse.com
Mon, Nov 23 2009, 19:02 GMT
Forex Technical Report - S&P Rally Fails to Break through Last Week's High by ForexHound.com
Mon, Nov 23 2009, 18:52 GMT
Forex Technical Report - U.S. Dollar Bottoms after Existing Home Sales Report by ForexHound.com
Mon, Nov 23 2009, 18:41 GMT
Daily Options Intelligence Report - Bear play on Focus Media ADRs by Interactive Brokers LLC
Mon, Nov 23 2009, 18:17 GMT
Daily Support and Resistance - Daily Support and Resistance by FX-Forecaster.com
Mon, Nov 23 2009, 17:14 GMT
日本語
Español
中文
Русский














