Handelsblatt survey shows Germany suffering further erosion in trust in deposit insurance

The fallout from the Cyprus bail-in continues as a Handelsblatt survey shows Germany is suffering further erosion in trust in deposit insurance.

Less than a third of Germans think the passbook yet for a reliable investment. ...

Accordingly, the use of private savings to combat the financial crisis has diminished confidence in Cyprus Germans clearly in the security of their assets. 

59 percent of respondents do not believe anymore that German Chancellor Angela Merkel (CDU), its promise to German savings are safe, can be hold.  

Especially among the 18 - to 29-year olds, the uncertainty is large. 65 percent of them do not trust the Chancellor's word.