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German govt to guarantee deposit accounts-ministry

Sun Oct 5, 2008 11:21am EDT

BERLIN, Oct 5 (Reuters) - The German government will guarantee private deposit accounts as part of its reaction to the banking crisis, a finance ministry spokesman said on Sunday.

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"The state guarantees private deposits in Germany," ministry spokesman Torsten Albig said.

A second ministry spokesman said the guarantee was unlimited. (Reporting by Iain Rogers; Editing by Erica Billingham)



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