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To: Pantera
Interesting Euroweanies. I as an American was surprised to know that Continental Europe had very limited FDIC like bank/checking account backup. The most, to my understanding was $20,000 Euros. This means that the Eurobanks were more heavily extended than American banks.
16 posted on 10/13/2008 1:49:18 PM PDT by Chgogal (Voting "Present" 130 times might be a sign of a smart politician. It is not a sign of a good leader.)
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To: Chgogal

Interesting Euroweanies. I as an American was surprised to know that Continental Europe had very limited FDIC like bank/checking account backup. The most, to my understanding was $20,000 Euros. This means that the Eurobanks were more heavily extended than American banks.


it was mostly between 20.000 - 100.000 euros. it differs from country to country. for example austria had only 20.000 euros (but 800 banks where you could have split the money so only if you own more than 16 million euros you could have lost money. btw. right now we (and many others) have unlimited guarantee.


17 posted on 10/13/2008 1:57:04 PM PDT by austrian
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