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More signs they are very worried about keeping people
from a Run on the Banks. People may lose faith in money (really debt)
and realize the value "could" go to zero. Do not fear or panic
but take common sense precautions to protect yourself.
Since Gold and Silver are getting very hard to buy then
consider other things of value -IF- the inflation goes hyperinflationary.
Quote:
EU raises banking guarantee to euro50,000
Tuesday October 7, 9:28 am ET
EU sets guidelines on how governments can save failing banks
LUXEMBOURG (AP) -- The European Union said Tuesday it will raise its minimum bank deposit guarantee to euro50,000 (US$68,160) as they agreed on guidelines to deal with banks in danger of collapse amid the global financial crisis.
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Rest of story at:
http://biz.yahoo.com/ap/081007/eu_eu_meltdown.html
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