Bank savings at risk!

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06 10 08 - 04:57 The credit crisis, which has been building slowly for the past year, is now moving so fast that governments around the world are finding it impossible to keep pace.

Although the Government has made clear there is an implicit guarantee on all personal savings, it is very reluctant to make that explicit because of the potential exposure of the taxpayer and the concern that it would be difficult to remove once the crisis is over.

But it seems likely that other European countries will be forced to follow Germany, increasing pressure on Britain to fall in line.
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Oooh eerrr - better take your money out now folks!