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Europe Daily Bulletin No. 9761

15 October 2008
GENERAL NEWS / (eu) eu/financial services
Commission suggests European guaranteed savings limit of €50,000

Brussels, 14/10/2008 (Agence Europe) - The European Commission will suggest on Wednesday that the agreement reached at the ECOFIN Council last week on changes to EU Directive 94/19/EC on deposit guarantee systems (see EUROPE 9756) be enshrined in EU legislation. The new rules would raise the minimum amount of state-guaranteed savings in any one bank from € 20,000 to €50,000. This will help reassure people that their savings in European banks are safe and will help avert people taking...

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