Darling Is Feeling the Pressure After German Pledge ; Surprise Move Turns Up the Heat for Chancellor Over Uk Savings

Summary

---

CHANCELLOR Alistair Darling was last night coming under pressure to extend state protection for bank depositors, after the German Government announced it would guarantee all private savings accounts.

Germany's Chancellor Angela Merkel said that no citizen should fear for the safety of their savings, as the country was gripped with uncertainty over the future of its second-largest mortgage lender Hypo Real Estate, which is teetering on the brink of bankruptcy.

See the full content of this document

Extract

---

Darling Is Feeling the Pressure After German Pledge ; Surprise Move Turns Up the Heat for Chancellor Over Uk Savings

Earlier moves by Ireland and Greece to guarantee 100%of savings have been criticised by the UK Government, which fears that savers will switch funds to banks based abroad.

Now the surprise move by Berlin - com...

See the full content of this document

---