Guarantee 
Romania Raises Guarantee Cap For New Housing Purchases
The Romanian government decided to raise the guarantee ceiling to EUR70,000 or EUR75,000 for new homes built under the government housing program. Romanian Prime Minister Emil Boc announced that the government will also increase the total guarantees ceiling for new buildings. For already built houses the guarantee will be kept at EUR60,000. The changes are subject to government approval next week. Early January, the government decided that people sealing sale-purchase precontracts through the housing program before February 15, 2010 would benefit from state guarantees according to the current system, and the program would be then changed to stimulate the purchase of new dwellings. citeste mai mult
The European Commission proposes a minimal deposit guarantee of 100.000 euro
The European Commission has proposed to increase the minimum deposit guarantee threshold to 100,000 euro in one year, from 20,000 euro at present, while the payout period in the event of bank failure is to be reduced from three months to three days, the Commission said. "The new rules are designed to improve depositor protection and to maintain the confidence of depositors in the financial safety net," the EC said in a report. The EC said that under the new rules, the minimum level of coverage for deposits will be increased within one year from 20,000 euro to 100,000 euro, and initially to 50,000 euro in the intervening period. The proposal now passes to the European Parliament and the Council of Ministers for consideration. In Romania, the government has approved on Tuesday an emergency ordinance to increase the minimum deposit guarantee threshold to 50,000 euro, from 20,000 euro for a one-year period starting October 15. On Monday, central bank governor... citeste mai mult
