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Deposit guarantee makes the market happy

Rey Nuevo

By Rey Nuevo
in General Forex Discussions

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Rey Nuevo Newbie

Rey Nuevo

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Deposit guarantee makes the market happy

 

Markets began the day with mix sentiment but the ECB put the salt in the sentiment with the deposit guarantee scheme as option to refief debt concerns in the Euro area. According to the ECB's new financial stability report, "breaking the link between banks and sovereigns – which significantly exacerbates the impact of any financial disturbance – also by establishing a European deposit guarantee scheme and resolution arrangements,"

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