Some interesting news from overnight:-
The Australian Government has announced that the deposit guarantee scheme will be permanent
The cap dropped to 250K per account per eligible financial institution. The timing of this announcement was a little unusual - it hit the wires on Sunday night around 5pm.
I wonder if the timing is related to the following news piece:-
Germany prepares to cut Greece loose
The writing appears to be on the wall for more financial turmoil this week.
doc
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