Greece and Ireland guarantee deposits: Sarkozy proposes EU bail-out

The focus shifts to Europe as EU member states grapple over bank deposits and talk of a EU bail-out fund begins

The individual national response of EU member states to guarantee consumer deposits has caused a wave of investors to transfer their savings to more secure accounts in Europe – why didn’t anyone see this one coming? Any EU bail-out plan looks set to stall despite emergency talks being held this weekend unless this problem is also resolved. Goodness knows what mayhem will occur should the US House of Representatives fail to pass the $700 billion rescue package. On top of all of that, fraudsters

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