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Germany steps up emergency cash plans to cope in blackout

serfserf Member Posts: 9,217 ✭✭✭✭
edited November 2022 in Politics

To prevent bank runs this winter they say?


FRANKFURT, Nov 15 (Reuters) - German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running, four people involved said, as the nation braces for possible power cuts arising from the war in Ukraine.

The plans include the Bundesbank, Germany's central bank, hoarding extra billions to cope with a surge in demand, and possible limits on withdrawals, one of the people said.

Edit Note: @serf if you are going to cite a story, link it or I will delete the post. I'm not going to play clean up hereafter.


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