While the headlines are usually full of references to the emerging economies in places like Asia, Europe has long been the first choice for corporate strategy of the world’s multinationals. European businesses as well as businesses from across the globe look to Europe to increase their market share.
European Union laws protect savings and current account holders in the event that the bank holding their funds should collapse. By EU law bank depositors are protected up to EUR100, 000. This compensation is awarded per person, per bank. In other words if you hold multiple accounts at one bank you would get a one-time payment of EUR100, 000 (or the equivalent in the local national currency) for your aggregated accounts.