[luckylion]

> Like how in Germany the government guarantees every German bank balance.

Up to 100.000€, they don't guarantee it without limit, and they don't guarantee it for anything that isn't insured.

Greensill's insolvency recently got lots of media attention since local governments deposited large sums and were not (fully) covered by the normal mechanisms that protect private and business customers.

[orangepurple]

Same 100k limit applies in Switzerland too