Germany steps up emergency cash plans to cope in blackout

serf

November 16, 2022 22:02

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.

Exclusive: Germany steps up emergency cash plans to cope in blackout
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.

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.

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  select-fire

  November 17, 2022 01:13

  Calm before the storm

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