Italy’s Monti shows G8 bank guarantee plan: report
MILAN (Reuters) – Italian Prime Minister Mario Monti took a plan to create a European system to guarantee bank deposits to the G8 summit, the Corriere della Sera newspaper said on Saturday, as savers’ anxiety built in debt-ridden euro zone countries. The proposal aims to guarantee bank deposits “with a view to . . . stopping the hemorrhaging of funds from one country to another, from the south to the north,” the newspaper reported, without citing any sources. . . .
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