Yahoo! News :: Business

German guarantees savings as Merkel pushes bank rescue (AFP)

<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20081005/bs_afp/usfinancebankinggermanyhypo"><img src="http://d.yimg.com/us.yimg.com/p/afp/20081005/capt.cps.nul08.051008185725.photo00.photo.default-512x366.jpg?x=130&y=92&q=85&sig=llKgHN5yHXeC5S5RVk_Q6Q--" align="left" height="92" width="130" alt="German Chancellor Angela Merkel (C) and German Finance minister Peer Steinbrueck give a statement to journalists at the Chancellory in Berlin. The German government has offered an unlimited guarantee for all private savings accounts, a finance ministry spokesman told AFP Sunday, amid the spreading financial crisis.(AFP/DDP/File/Rainer Jensen)" border="0" /></a>AFP - Germany extended a guarantee to all private savings accounts Sunday as Chancellor Angela Merkel said her government was scrambling to salvage a rescue plan for the country's fourth biggest bank.</p><br clear="all"/>