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Germany guarantees all saving

By John Sparks

Updated on 05 October 2008

Germany has promised to guarantee all private savings accounts after an emergency meeting between the Chancellor Angela Merkel and the country's central bank

This comes just one day after Mrs Merkel joined Europe's three other top leaders in promising co-ordinated action.

Britain's Treasury told Channel 4 News they were urgently seeking to clarify Germany's position.

Is Berlin more concerned about the possible collapse of Hypo Real Estate, one of its leading banks?

Martin Wolf: what lies ahead for UK Savers?

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