Germany's government, central bank and financial regulator have agreed to expand a rescue package to keep the faltering Germany's Merkel Tops Forbes List of Powerful Women -- Again ...
Merkel backs Ukraine's NATO bid ... lender Hypo Real Estate afloat.
The new deal places 50 billion euros in fresh liquidity at the bank's disposal, following the collapse of an earlier 35-billion-euro proposal. Earlier, German Chancellor Angela Merkel announced a plan to guarantee all private savings accounts in reaction to the banking crisis. Speaking at a joint press conference with Finance Minister Peer Steinbrueck after an emergency meeting in Berlin, Merkel said Berlin would not allow the troubles of the housing bank Hypo Real Estate to become a crisis "for the entire banking system". She added that managers should be held accountable for what she termed "irresponsible" deals.
(Deutsche Welle)
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