European governments struggled to find a coordinated approach to the crisis sweeping financial markets, as Denmark became the latest country to guarantee bank deposits, putting more pressure on Britain and other countries to follow.
Denmark's move came after a startling announcement by German Chancellor Angela Merkel on Sunday that her government would guarantee all private bank deposits held in the euro zone's single largest economy. "We want to tell people that their savings are safe," she said.
A sense of disarray has mounted amid government bailouts of several major banks in the past week and a worsening of the outlook for the wider economy.ople, particularly children, as hostages for his own safety in his underground hideout.