This is a summary of recent failures, bail-outs and guarantees that have occured in Q3 2008 following the "Credit Crunch"

• Sep 30 - Ireland - The Irish government guarantees all deposits held in the six biggest banks following falls in Irish bank share prices. The guarantee covers c. €400bn until Sep 2010 => Bank shares rise and money drifts toward Ireland chasing security
• Oct 2 - Greece - The Finance Minister George Alogoskoufis announces that deposits for all banks operating in Greece will be guaranteed - a commitment for all deposits completely
• Oct 3 - UK - The level of guaranteed for deposits rises from £35,000 to £50,000.  A step.. but not full guarantee
• Oct 4 - EU - The French president (Nicholas Sarkozy) convened an emergency summit in Paris with the Italians, German and UK counterparts. They announce a commitment "to ensure the soundness and stability of our banking and financial system"
• Oct 5 - Germany - Germany provides a blanket gurantee of private funds following doubts over the rescue of Hypo Real Estate. Austria follow suit.
• Oct 6 - Europe wide - many EU countries - Denmark, Sweden, Iceland and Portugal increasing the protection offered to deposit makers.

So.. is it an end to the dance? Are people, banks and companies still at risk..

It now depends on what they have invested in, how much liquidity and the future of the markets, regulators and governments.

What is clear is that "these are interesting times" and the safety of recent booms is now showing a different climate.