In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.

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?

serf

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.

Comments

Sign In or Register to comment.