European Finance ministers decided on Tuesday to increase the minimum guaranteed amount for bank deposits from 20,000 euro to 50,000 euro, AFP informs. EU states thus decided to secure the savings of the population if banks go bankrupt, European sources inform. Moreover, some states even promised to raise the guaranteed sum to 100,000 euro.
EU member states decided to support all big financial groups if they request it in order to avoid spreading the crisis, German Finance minister Jorg Asmussen declared. Moreover, all member states agreed to take coordinated actions in order to avoid a financial crisis across Europe.
The plan was first taken into account by Euro zone leaders and afterwards all European states decided to take a series of measures in order to assure the stability of the financial system and protect the population.