The question is what happens if you have over 70k€ with one bank but less than 70 on each individual account. I had assumed that then you'd lose but they were saying otherwise on TV this morning.
The fraction with more than 70k at any given bank is rather small in any case. And most of them get a personal guarantee for being pals with Sarkozy. Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
The amount in the guarantee fund is irrelevant: it will be refinanced by govt' or ECB at first sign of trouble, with newly printed money if need be. Pierre
