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Plan to save German bank 'agreed'
after an emergency meeting with the central bank earlier, ms merkel said: we will not allow the distress of one financial institution to distress the entire system . for that reason, we are working hard to secure hypo real estate . the german government and banks have agreed a 50bn euro ($70bn; Â40bn) plan to save one of the country's biggest banks, the finance ministry says . with this mutually agreed solution, the institution hypo real estate] will be stabilised and with it, govermany strengthened as a place to conduct finance in difficult times, the finance ministry said . ms merkel has previously been strongly critical of the irish and greek governments' decisions to take independent action to protect all savings deposits . Generated 2008-10-7_21:57
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