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...comments came a day after Merkel befuddled her neighbors by announcing a guarantee on 100% of all private deposits - the largest such guarantee in history, according to one leading banking expert. The fact that Ireland had previously issued an even more sweeping guarantee hardly shielded Germany from criticism: as Europe's biggest economy, it sets a massive precedent. Indeed, since Merkel's announcement, Denmark, Sweden and Austria have taken steps to offer stronger guarantees to their depositors. Spain is reportedly considering a move to follow suit, and British politicians were in talks with banks on Monday night about a stopgap...

Author: /time Magazine | Title: Europe Struggles for a Response to the Bank Crisis | 10/7/2008 | See Source »

...your plan. They were only eager to oblige, and before long corporate numbers up and down Wall Street were being turned into works of folklore and mythology. Now that there essentially is no Wall Street, these people are finally free to answer their true calling: studying goblins in Ireland. They may eventually end up on welfare, but that is beside the point...

Author: By Rajarshi Banerjee | Title: Painting Wall Street Crimson | 10/6/2008 | See Source »

...Germany's action came just a day after Merkel had joined Sarkozy, Berlusconi and Brown in grumbling about a similar total savings guarantee announced last week by Ireland, which E.U. competition authorities had already pledged to challenge as a competition-distorting measure. But with Germany, Europe's largest economy, reversing its stand and taking that same route Sunday, Austria said it would follow suit - making it the fourth E.U. nation to guarantee private savings, along with Greece. Denmark and Sweden also raised the limits on savings they would guarantee, and by Monday, even British Finance Minister Alistair Darling was giving...

Author: /time Magazine | Title: Europe Scrambles as the Credit Crisis Goes Global | 10/6/2008 | See Source »

...confidence underlying it is every banker's worst nightmare - and every bank regulator's, too. At Bradford & Bingley, staff were given forms to hand out to customers explaining what had happened and why their money was safe. Elsewhere, it was national authorities who sought to reassure, most notably in Ireland, where the government announced an unprecedented $560 billion guarantee to cover the deposits and debts of the nation's six biggest banks for the next two years...

Author: /time Magazine | Title: Europe's Bank Scare | 10/2/2008 | See Source »

...this misogynist ranter who also believes that all Alaskans are leeches and not "real Americans." I am going to guess that he is journalist who lives, or has lived, in Washington. Sarah has really got to those ol' boys. You go, girl! B. J. O'Byrne, MEATH, IRELAND...

Author: /time Magazine | Title: Cameron in Focus | 10/1/2008 | See Source »

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