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Bank deposits safe and secure, says govt spokesman

Bank deposits in Hungary are safe and secure, government spokesman Andras Giro-Szasz said on Friday.

Since the start of 2011, all bank deposits are insured by the National Deposit Insurance Fund (OBA) for up to €100,000, the same threshold as in European Union law, Mr Giro-Szasz said.

The Hungarian government does not intervene in contracts between banks and private individuals, he said. There is no secret government decree to the contrary, he added.

Mr Giro-Szasz said the government was using all means available to determine who was spreading false reports about bank deposits.