Deposit guarantee covered by insurance fund or come out of the pot?

MelF

Registered User
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337
Am curious as to where the money to pay back the state deposit guarantee would come from if the worst comes to the worst. For instance, if the state runs out of cash beforehand, is there an insurance policy that they can claim on, or will they need to borrow for it. Is it conceivable that they can just say, 'sorry lads, nothing left in the pot'?

Also has it actually been signed into law yet and is there a copy of the legislation online anywhere as I can't seem to find anything on google etc.
 
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