Urgent: The Government will increase the Deposit Guarantee Fund

Sources:

The amount of the increase will depend on the agreement they reach the Ministers of Economy and Finance Europeans, and if not come to any agreement, this amount will be "where it seems timely to the Executive", according to sources from La Moncloa said.

Meanwhile, in this crazy day, we have the U.S. stock market (Dow Jones) that closes losing "only" 3.58% in a session which was down more than 7%

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Written by Carlos Lopez on Oct. 6, 2008 with 18 points.



18 comments

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# 1, LEON

October 6, 2008, at 22:28.

Therefore better to agree the Europeans and that we serve as a reference, because if not, they are able to upload from 20,000 to 20,200.

Rather, to 20,400 because we are going to give back the 400.

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# 2, Village People

October 6, 2008, at 22:52.

to know what is going to decide on a day to raise the fund.

What we do not understand is why do not guarantee the total. That is what gives stability. Merkel seems to understand the obvious.

Let's see if little by little we are entering reason.

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# 3, Carlos

October 6, 2008, at 22:59.

It's easy to understand: better now heal in peace then, heal in a hurry; infuse further "confidence" in moving the system (for small savers) to see any of the films of the hundred TV channels and " forget "that there is crisis. Tomorrow is the "Currito" to work as "if anything," and, perhaps, well, saved the crisis.

For something used the power of TV, no?

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# 4, hipotecadodeporvida

October 6, 2008, at 22:59.

is not good ... .. ... this is not the increase in the fund is that ... I do not have a euro .. .. jeje mortgage, alimony, lawyers divorced from life ... and you know .. .. 382 euros in the account. . until 25 to collect ... again and again ... never pay to gather some Eurit.
and how much they save ... debts are debts .. .. sobrellevarlo try as best as possible .. .. if it's a bajadita Euribor .. if it would be very nice to think ... ... rates down? .. The Euribor has dropped two consecutive day .. I believe that not long ago that it looked? .. you say? ...

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# 5, Kaltag

October 6, 2008, at 22:59.

No, if in the end it will be better to have the money in ING Direct, which is not dependent on the guarantee fund Spanish ... ..
I understand (my money there) which ensures the Dutch guarantee fund is € 20,000 per client + 90% of the following € 20,000, ie € 38,000 € 20,000 against the Spaniards ....

Incidentally, today I have called Caixa Manresa telling me to draw money from Ing because this fall in the stock market and assume they will break .... incredible, the little shame that the banks have today ...

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# 6, Vicente Varo

October 6, 2008, at 23:14.

Man, if the only thing that has emerged from a meeting with Zapatero of the largest banks in the country is this, nor is it to be very quiet, really. What is transmitted confidence? I do not think so. Quite the contrary.

Here is a great need to sit: with all private banks, governments and central banks. It can not be that the financial sector will disappear. It is necessary in revealing all losses coup. And as they did earlier this year when very few warned of the real hole they had in his pocket.

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# 7, I hate to Correcaminos

October 6, 2008, at 23:15.

This whole story took a few months ago has reminded me to a movie and that is that the similarity of the facts are similar. Inhundible a boat called capitalism, and within the group of rich people and poor people who bought a trip to meet the promised land (or floor promised) or do business. A boat of luxury and grandeur and one of the most secure of the earth, with the best engineers and a great captain. But curiously greed and wanted them could be faster and arrive earlier to earn more money. Which forced the machine and the boat collided with an iceberg, most known as subprime mortgages. The ship suffered a hard blow, but a beginning, the captain thought he could get along with some patch. Meanwhile, the great engineers who were on the boat suggested their theories. Such was the amount of water, and the boat started to sink and the commander of the powerless ship started to ask for help. Of knowing that while the boat was going to sink, the richest began to abandon the boat proteguidos by sailors or also known as a government, which some were bribed. On the other hand the poor into the water suffered the cold seas of the night. For any poor could destabilize the boats trying to save itself from the government, the government gave him such palazos to not to approach. The boats, the government and the rich were well away watching as the poor and died waiting for rescue boat reached the so-called 'nationalization'. A two or three hours later (or 2 or 3 years) knowing that the boat came to the rescue, the government prepared an aid to save the 4 or 5 supervientes that staying water (social assistance), as all the others and were peta. Once they arrived in port the survivors how important they were for being in this situation. and those who were responsible for the CAP would take steps to make your next boat called CAP II tubiera more controls for not sink. But calm was just a movie ...

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# 8, Enculator

October 6, 2008, at 23:19.

How chorrada largais at this time ... jajajaja

Tranquility to all ... who knows who endure the turbulence comes out reinforced.

There is a saying that says, until we see the rich commit suicide there is no crisis. jajajaja

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# 9, newcomer

October 6, 2008, at 23:45.

Good night,

The truth that I have been very rolling, but you still read regularly (not at all, but in general).

About what to secure funding, I echo a comment on an article of Cotizalia today (or yesterday, and I do not remember) who want to make sure that as much as, if this really is sinking to hell, there will be no money for everyone ... I think it is going more to an issue of trust and paripé. But I still creates more distrust. After all, we are the same banks who finance political campaigns of those who say it will help banks to help finance a political LSO, who ...?

Another issue that is what I had been of late. This morning on the radio I heard a guy who said it was "morosólogo" especialsita in arrears. Unbelievable but true, and admás has written a book and everything. If cogéis the numbers of articles today (Monday) scare, but since then the morosólogo cases are classified as "circustanciales" or something like this: parents who could pay the mortgage but with the Euribor by the clouds are no longer able to face payments and are desperate. Well, if all arrears are now circustanciales! Or, as also stated Cotizalia (or in The Economist, I do not remember) know who is a bitch, but the rest we suspect.

But calm, because this definition contraponía the defaulter's "confident" or something like this: someone who knows in advance that they will not pay. And I say, the almighty bank vault, it could not have anticipated that semantically 'inability to pay "and" not wanting to pay "is not the same, but its meaning is it?

Irresponsibility shared responsibilities alone. So we are going to Currito, we pay the brunt of those that eat up the table. Irresponsibility of calling credit as if there is no tomorrow, as well as the irresponsibility that is what gives cheerfully even knowing that it is "suspicious" (which then becomes a bitch, we all have a price). Responsibility for the bitch who follado be placed above the bed (above has to rely on paying their savings, if any, to which he bleeds every month).

Well, I do not much if it is late and I no longer irrigates much gray matter. I just hope it rains tomorrow and a lot (in financial markets, Hurricane at least!) Qeu able to get out the sun.

Greetings!

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# 10, Anonymous

Oct. 7, 2008, at 0:55.

mmmm .... I bought a fistful of dollars to 1.5 or so ...
What hariais you change it into euros now or wait for the change to 1.25?

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# 11, Jose

Oct. 7, 2008, at 1:47.

And I say ... Whether 20000 20400 or 40000. If you think that everything peta brickmakers something?
I have no savings. But if I had not saved or 20,000 or 10,000 or 5000. (I spend in the crown: I'm kidding :)
Sorry, but I'm very suspicious.

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# 12, Raul_VLC

Oct. 7, 2008, at 7:14.

# 6, Vicente Varo

How can you not think so! If you do one thing, saleis they look at this as another look, and if you do this ide idem, finding criticize and criticize!

Gentlemen look, thanks to the fall of Banesto years ago, the Spanish bank is very controlled, of course you are guaranteed with the 20,000 cash, not like in other countries that there is virtual money in cash.
If they do this is to give peace of mind, but the most important thing is that if they do not, and you have a French bank that says you € 40,000 or more since, not your money cogerias of the box x or BBVA, santander ... and you lead in this French bank? m'ñas d be so quiet, no? and the whole world if we bear our money to the French bank that happen? petarian that since all banks in Spain! For that we go up the guarantee fund, pq not necessary here, but rather not to move your money from the country. Or is it that you have not seen what has been armed between Ireland and England?
Well, and to know more, there is going to rise to 100,000 €

By God! Criticize what CRITICISM!
"The arm that the ZP in the world, eh?" "(Irony)
telaaaaaaaaa go, :-)

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# 13, danika

Oct. 7, 2008, at 8:44.

To increase the fund does not change anything because in Spain there have been several bankruptcies of banks and has never resorted to the Deposit Protection Fund, Banesto pe

What happens is that in Europe the whole world is yours and if you go up (germany) is not the easiest thing, because we, too, but this does not generate any confidence.

And I got clear, is whether what is happening in England, Germany or France happen in Spain we tacharian of banana republic, as always, and seriously hazmereir Europe, but if you do countries like Germany or France is a model to follow .

A greeting.

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# 14, newcomer

Oct. 7, 2008, at 9:07.

# 12, Raul_VLC

Just one little thing: you think that's "money and Contact sonant"? Goes against nature for any banker to have the money and detained without just cause to secure payments. Another thing is that the banks in their balance sheets are bound by provisions for this concept and others. But provision is taken into account these costs and not "count" with that money for other things, does not mean that that money exists and is there waiting.

I recommend a reading of "The Crisis NINJA" (if you have not already, simply find it in Google) and learn many things from the current siuación and how it is possible that guaranteed funds are not insured and such.

Good morning, and continue right!

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# 15, Solbes ruin zp

Oct. 7, 2008, at 9:14.

ft
The EU is considering to raise the money guaranteed for 100,000 euros

Often the bird-east of Solbes zp, climb up the EU minimum, because it requires them.

social policy. amen.

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# 16, Fran Diaz

Oct. 7, 2008, at 9:27.

But if there was no money for the 400 € next year ... Where will the money for the guarantee on deposits?

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# 17, Flipper

Oct. 7, 2008, at 9:28.

Bos days.
In Germany it is clear that what is clear: Before there are joint steps they have already invested in 5milmillones save yours, then joint action that can be taken from now on will be much more light because neither Germany nor any other country that already has invested in a dough to save yours is going to involve powerful measures that would contribute together to socialize among all partners in the union.

Today is expected that all banks will increase the guarantee fund, since what is involved is that with the widespread fear that there are savers (especially large: savings of more than 20,000, more than 50,000) to leave their savings banks in their respective countries, and not abscond with them on banks in Ireland or Germany that today are those that guarantee 100% in case of founder.

Including England, although that has its guarantee of 50,000 euros (or pounds, I do not know well), which is covering 95% of the holders, but is that 5% of the depositories not covered, as are normal those with more than 50,000 euros deposited, or is much that I am wrong or 5% of depositors are not covered can be a fairly large percentage if we do on the euro and not on individuals.

In Spain, as in Ireland, England, Germany, or act as helping our own entity or as we wait to take joint measures for the entire European Union we are going to be sold, because as our banks are the best in europe , The more healthy our economy, our low ibex the least ... we will make to the common well over what we then going to play.

If we are, and we went about nerds lifetime. We call it handsome and very happy. But the compliment that we now have some interest, we are looking foolish, that something happens when those who now compliment us previously we were called pigs, we want to draw the quarter, which at this point is foolish you are presuming out there to be the best, it is time to mourn and to invest everything we have before we ask it to others.

If you already Julio Iglesias said: "Hey ... do not go out there ... assuming that I can not be without you ..."

We're going to pay the expensive bromitas of JLRZ Sarkozy and Berlusconi, for the moment and go for us, cover their wounds, the next step and call for a joint policy and to put money for them.

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# 18, Kraken

Oct. 7, 2008, at 13:51.

are giving me want to get the savings under the mattress. In this way any day we installed a playpen and our tickets will become estampitas very nice.

What they left over to the banks is money, the problem is that they have painted too black

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