Most EMU countries have a simple cap at 20k€.
France has a cap at 70k€, I think it's the highest in the EMU. It doesn't need changing I think (and actually sarko has only done talktalktalk, no actual legislation or decree has passed that would raise the cap). Pierre
Britain still does not have a comprehensive system of deposit insurance for retail depositors, let alone some temporary guarantee for wholesale depositors as announced yesterday in Ireland
So this PR is a truly about legitimizing insurance for brokered deposits and €400B is estimated flow of money markets through these banks? Diversity is the key to economic and political evolution.
