REYKJAVIK, Iceland (AP) -- The Icelandic government says it will guarantee all domestic savings deposits.
The Icelandic prime minister's office said Monday that deposits in the country's commercial and savings banks would be "fully covered."
European governments such as Ireland, Germany, Austria, Greece and Denmark have already moved to guarantee bank deposits.
But European regulators and other governments worry that the moves pose competition concerns and could limit efforts to stabilize Europe's troubled financial sector.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.