BBC: Chancellor Angela Merkel has announced that Germany will guarantee all private savings accounts, as a major bank struggles to stay in business.
Ms Merkel was speaking after an emergency meeting with the central bank and financial regulator.
Hypo Real Estate, Germany's second biggest commercial property lender, is in trouble after a 35bn euro ($48bn; £27.2bn) rescue plan collapsed.
Hypo has said it will study alternative measures to fund its business.
Ms Merkel had previously been strongly critical of the Irish and Greek governments' decisions to take independent action to protect all savings deposits. Germany Acts to Guarantee Savings >>> | October 5, 2008
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