Don't really have to know why it dropped. If you know the Aus currency's fluctuation trend over the years, you can make a bundle.
You may have to buy and hold for a few years.
in my simpler terms, currency are affected by various factors.
1. interest rate.-- central bank in australia has been cutting interest rate
2. fall in commodity price. it was a impact on the AUD currency.
3. risk aversion.-- ppl fund manager tend to move their currency to safer currency such as USD and Japanese yen. are you surprise why USD? coz some ppl fund manager would rather buy eg. US treasury bonds, bills even though the yield are zero. the mentality is.. it is better not to gain than to lose.
the third pt could be wat TS trying to say ah, i think.
Simple English and Econs for the uninitiated:
ON Wednesday evening (8 Oct 2008), the Australian dollar fell below par against the Singapore dollar.
It fell to a six-year low of 96.17 cents.
Late last year, the exchange rate for an Australian dollar was about $1.36.
source : electrict New paper
for the Ah bengs :
Last year, one Aussie dollar can exchange for you $1.30+ Singapore dollars
Today, One Aussie dollar can buy 96 Singapore cents....meaning you lose 40cents for every one Aussie Dollar.....compared with last year.... you catch now or not har?
Ming pai mah? If still cannot understand, then go back and re-take your PSLE ok?
Sg Ty,
Tx for your nice pictures and efforts.
We are here to share info which may,hopefully,enrich
every bodies' minds and pockets.
I stopped posting anti--Oz threads for sometimes.
But it may be too late that i posted few days ago about Aussie Dollars.
http://www.pm.gov.au/media/Release/2008/media_release_0534.cfm
1.Oz gamvaman's gurantee on local deposits and Oz banks' foreign loans
http://www.theaustralian.news.com.au/story/0,25197,24483822-601,00.html
Besides the two gurantee,Oz buy another A$4 billion of
residential mortgage backed securities,on the top of last week 4 billion.
The Oz gurantee is as good as lionnoisy's gurantee on $100 million loan.
The cash in Oz gavamn's hands is only A$15 billion ,1.3% of GDP.
The net foreign debt alone is 48 % GDP.Banks deposits alone is 1239 billions.
How about the non--banks despoits??
http://www.rba.gov.au/Statistics/
Do u think current and future foreign lenders will trust this gurantee?
Have u read the books of RBA of amount of local deposits and foreign debts?
http://www.budget.gov.au/2007-08/myefo/html/10_appendix_f.htm
Table F1: Australian Government general government sector receipts, payments
and underlying cash balance(a)
2.Have Oz PM sent a wrong singal to citizens and investors?
Recent IMF report on Oz already helped Oz a lot.
I wander the purposes of the new gurantees is to show Oz
is just a big country.Do what the big countries do!!
We cant blame people think the other way that Oz banking
sys really get into troubles.
If not,then why do Oz banks need soverign gurantee?
3.No funds avaiable
No more foreign funds for Oz banks for over 6 months.
What do u think for local sources of funds?
4.Loans in foreign currency
If the dereciation contine,the payments of foregn debt in short term
will be very difficult.
nnn
Sg Ty,
Thanks for posting a small nice picture iso a giant pic to occupy the precious
cyber space.Facts speak volume than noisy words.
1.multi-billion-dollar surpluses
THE Rudd Government is working on a stimulus package using its multi-billion-dollar surpluses
I almost falls frommmy chair when i read this.
http://www.theaustralian.news.com.au/story/0,,24486160-2702,00.html?from=public_rss
u can see from my ytd postings that cash in Oz hands is A$ 15 billions.
It is just a small peanut in relation to the banks local and foreign debts gurantee
and other committments.Just the Oz Superannution Funds committment
may make Oz gavamna bankcruptcy.Current liability is A$130 b
but assets(i am not sure if it is net assets) is $64 b!!
http://www.futurefund.gov.au/
2.Banks dark holes--in Oz and Singapore
Lehman Brothers connections------GIC and DBS included
http://www.isda.org/
LIST OF ADHERING PARTIES FOR 2008 LEHMAN CDS PROTOCOL
I dunt know the differences btw Adhering Parties and Participating
bidders!Bidders for LB bonds which was held last friday?
Oz banks in the list:
ANZ
CBA
NAB
Singapore:
DBS
GIC
one fren here told me DBS also get very high gearings.He is right.
We dunt know the consequences when banks gets so much
CDOs, CLOs, ABS ,CDS and so on.Nowadays,we dunt know how
to read the accounts books.The wrose are banks and other companies
did not put the sales and purchases in the books!
What will happen when and if some or all the hundred of trillions
dollars of these instrustments be settled?
.....................................
CDS and Aussie banks
A Citibank report from mid-July shows ANZ at the top of the CDS pile in Australia. It had $45.7 billion worth of CDS in its conduits.
While all the banks used CDS to hedge their credit risk, ANZ actively traded them.
In other words, as with its primacy in stock lending (of Opes Prime fame), it took the greater risks.
As of March, the bank had some $23.4 billion in ``long'' CDS positions and $22.3 billion in ``short'' CDS positions.
``ANZ entered short CDS positions with counterparties who desired credit protection whilst simultaneously purchasing offsetting protection for a cheaper premium from different counterparties (we understand these counterparties were "monoline" insurers on around half of all occasions). The spread differential between the short premium and long premium generated trading income,'' says the Citibank report.
When one such monoline insurer, ACA, was downgraded from investment grade to CCC in February 2008, ANZ was forced to recognise a provision of $226 million based upon a $1.5 billion notional contract value.
``In effect, they were saying that the long leg of the trade was not suitable in terms of providing insurance - as the rating of the insurer was sub-investment grade the hedge was no longer viable.''
As with other financial stocks now underperforming their peers, ANZ partied hard in the good times by indulging too much in high-yield securities. Now it is clear they were not high-yield for nothing.
Its rivals carry risk but not to the same degree.
CBA has $5.9 billion ($3 billion bought and $2.9 billion sold), Westpac has $15.6 billion ( $9.4 billion and $6.2 billion) and NAB, which Citigroup rates second to ANZ on risk has $24.4 billion in CDS ($13.7 billion and $10.7 billion).
This, of course, is all before we get to CDOs, CLOs, ABS and so on.
There will be nasties to come, and before the banks come clean and tell us who their counterparties are, the mystery will continue to erode confidence.
That said, the Federal Government's guarantee on deposits will circumvent the ultimate disaster scenario of a retail run on the banks and, in that, it is to be applauded.
Times are tough, but some look for levity, as one joke doing the rounds goes:
"This is way worse than a divorce ...I've lost half my net worth and I still have my wife."
mwest@fairfax.com
BusinessDay
http://business.theage.com.au/business/time-to-come-clean-20081013-4z8w.html?page=fullpage#contentSwap2
http://www.isda.org/
Advices to your mom
u shall act as a info collector and feed back to your mom
to keep her hard earn $$.Many are holding $A!
Tell them my info and other info.
Let them decide.Cut loss or buy more to dilute the average
unit cost!!
Gurantee is just a empty promises
u are welcome to put your facts and figures and opinions
here.Before u say,put advnace some facts and figures.
i dunt like empty words.
Kevin Rudd said his Government would guarantee the estimated $700 billion that Australians have deposited in banks, credit unions and building societies.....
If necessary, the Government would spend the $20 billion budget surplus to ensure all policies made before the election and in the May budget were implemented.
http://www.smh.com.au/news/national/rudd-moves-to-shore-up-700b-in-banks/2008/10/12/1223749845710.html
How much is the Oz banks's debt to foreign creditors which also under
Oz gavaman gurantee?
OMG.www.rba.
http://www.rba.gov.au/Statistics/AlphaListing/alpha_listing_f.html
H05 Net Foreign Liability
599953 millions A$!! or A$600 billions!!
So, i salute to Oz gavaman so daring to gurantee local banks deposits
of A$700 billions and 600 billions in NET foreign liability,amounting
to A$1300 billions!!Oz gavamna just get A$20 b in hands!!
If my figures of 15 b cash in Oz gavamn hands is wrong,i am sorry
for my mistakes and wrong interpretations.
@@@@@@@@@@@
So,MOD is a lender who wants to lend $7000 and above to Sg Ty.
Lionnoisy is willing to act as a gurantor,with net assets of $20 only.
Will MOD accept Lionnoisy as a gurantor?
If warren Buffet is the gurantor,then MOD sure will lend the $$ to Sg Ty!!
Sg Ty,pl dunt sue me.I know u are very rich!
Ig Oz PM is so naive to think that possible foreign creditors,incl GIC and Temasek,
will buy his gurantee,then i am pity for Oz people.
mmmm
http://www.smh.com.au/news/national/rudd-moves-to-shore-up-700b-in-banks/2008/10/12/1223749845710.html
How much is the Oz banks's debt to foreign creditors which also under
Oz gavaman gurantee?
OMG.www.rba.
http://www.rba.gov.au/Statistics/AlphaListing/alpha_listing_f.html
H05 Net Foreign Liability
599953 millions A$!! or A$600 billions!!
So, i salute to Oz gavaman so daring to gurantee local banks deposits
of A$700 billions and 600 billions in NET foreign liability,amounting
to A$1300 billions!!Oz gavamna just get A$20 b in hands!!
Originally posted by lionnoisy:Sg Ty,
Thanks for posting a small nice picture iso a giant pic to occupy the precious
cyber space.Facts speak volume than noisy words.
1.multi-billion-dollar surpluses
I almost falls frommmy chair when i read this.
http://www.theaustralian.news.com.au/story/0,,24486160-2702,00.html?from=public_rss
u can see from my ytd postings that cash in Oz hands is A$ 15 billions.
It is just a small peanut in relation to the banks local and foreign debts gurantee
and other committments.Just the Oz Superannution Funds committment
may make Oz gavamna bankcruptcy.Current liability is A$130 b
but assets(i am not sure if it is net assets) is $64 b!!
http://www.futurefund.gov.au/
2.Banks dark holes--in Oz and Singapore
Lehman Brothers connections------GIC and DBS included
http://www.isda.org/
LIST OF ADHERING PARTIES FOR 2008 LEHMAN CDS PROTOCOL
I dunt know the differences btw Adhering Parties and Participating
bidders!Bidders for LB bonds which was held last friday?
Oz banks in the list:
ANZ
CBA
NAB
Singapore:
DBS
GIC
one fren here told me DBS also get very high gearings.He is right.
We dunt know the consequences when banks gets so much
CDOs, CLOs, ABS ,CDS and so on.Nowadays,we dunt know how
to read the accounts books.The wrose are banks and other companies
did not put the sales and purchases in the books!
What will happen when and if some or all the hundred of trillions
dollars of these instrustments be settled?
http://business.theage.com.au/business/time-to-come-clean-20081013-4z8w.html?page=fullpage#contentSwap2
http://www.isda.org/
Advices to your mom
u shall act as a info collector and feed back to your mom
to keep her hard earn $$.Many are holding $A!
Tell them my info and other info.
Let them decide.Cut loss or buy more to dilute the average
unit cost!!
Gurantee is just a empty promises
u are welcome to put your facts and figures and opinions
here.Before u say,put advnace some facts and figures.
i dunt like empty words.
http://www.smh.com.au/news/national/rudd-moves-to-shore-up-700b-in-banks/2008/10/12/1223749845710.html
How much is the Oz banks's debt to foreign creditors which also under
Oz gavaman gurantee?
OMG.www.rba.
http://www.rba.gov.au/Statistics/AlphaListing/alpha_listing_f.html
H05 Net Foreign Liability
599953 millions A$!! or A$600 billions!!
So, i salute to Oz gavaman so daring to gurantee local banks deposits
of A$700 billions and 600 billions in NET foreign liability,amounting
to A$1300 billions!!Oz gavamna just get A$20 b in hands!!
If my figures of 15 b cash in Oz gavamn hands is wrong,i am sorry
for my mistakes and wrong interpretations.
@@@@@@@@@@@
So,MOD is a lender who wants to lend $7000 and above to Sg Ty.
Lionnoisy is willing to act as a gurantor,with net assets of $20 only.
Will MOD accept Lionnoisy as a gurantor?
If warren Buffet is the gurantor,then MOD sure will lend the $$ to Sg Ty!!
Sg Ty,pl dunt sue me.I know u are very rich!
Ig Oz PM is so naive to think that possible foreign creditors,incl GIC and Temasek,
will buy his gurantee,then i am pity for Oz people.
mmmm
Have you taken EL O-levels before?
Do you know whats summary means?
Nobody is going to even bother to read your posts unless you read this first:
Why lionnoisy alway tio shoot until like that in here ah?
Originally posted by SingaporeTyrannosaur:Nobody is going to even bother to read your posts unless you read this first:
Nono, must ask him buy the O-level compre assesment book, down there got summary for him to practice.
What a moron!!!
Empty vessels make the most noise!!!
Isn't it a basic tenet in Economics for the government to guarantee bank deposits, you have FDIC (USA) and SDIC (SGP).
lionnoisy is just a moron who attacks anything Australia without basis, all because he was denied immigration status in Australia.
I think it's a good thing for those folks emigrating to Australia, it would mean more affordable housing, more spending power for Singaporeans.
I think your statement about the Australian government guranteeing the bank deposits is equivalent to the thread about "Bomb ticking for Oz banks off-balance gearings of 117 times", which I replied with "Bomb ticking for SG banks off-balance gearings of 117 times ".
Originally posted by maurizio13:
What a moron!!!
Empty vessels make the most noise!!!
Isn't it a basic tenet in Economics for the government to guarantee bank deposits, you have FDIC (USA) and SDIC (SGP).
lionnoisy is just a moron who attacks anything Australia without basis, all because he was denied immigration status in Australia.
I think it's a good thing for those folks emigrating to Australia, it would mean more affordable housing, more spending power for Singaporeans.
I think your statement about the Australian government guranteeing the bank deposits is equivalent to the thread about "Bomb ticking for Oz banks off-balance gearings of 117 times", which I replied with "Bomb ticking for SG banks off-balance gearings of 117 times ".
"Bomb ticking for Oz banks off-balance gearings of 117 times", which I replied with "Bomb ticking for SG banks off-balance gearings of 117 times ".---
u and me are also stated the facts,right?
''more affordable housing, more spending power for Singaporeans''.
u are right!!Falling Aussie $$ make migrating to Oz much easier!!
Pity the outgoing emigrants from Oz about 80,000 annually.
There are some 150,000 people migrates to Oz annually.
So,the net inflow of about 70,000 will help the property market.
But i cant understand in Oz figures of long term departures and permanent
departures.
''Isn't it a basic tenet in Economics for the government to guarantee bank deposits, you have FDIC (USA) and SDIC (SGP).''
How much FDIC can compensate for the US$7 trillion deposits?
What is the net cash or assets that FDIC or even US gavaman in hands?
i think u know US Treasury debts runs over US$10 trillion,against
US GDP 13.5 t.
Yes.u will say US get lot of nuke war heads and some gold bars.
But how much they fetch if banks broke?
The current amount of the U.S. national debt is shown on the National Debt Clock in New York, Thursday, Oct. 9, 2008. In a sign of the times, the National Debt Clock has run out of digits to record the growing figure. As a short-term fix, the digital dollar sign on the billboard-style clock near Times Square has been switched to a figure _ the "1" in $10 trillion. It's marking the federal government's current debt at about $10.2 trillion. (AP Photos/Bebeto Matthews)
i wander how many gurantees from gavamans of Oz,US etc are
empty promises.Remember Aussie net assets of A$20 b against
local banks deposits gurantee 700 billion and foreign debts 600 b!!
Empty promises just dunt help and pple can guess what your cards
u have.
Facts more important than languages
so far ,u guys can make funs on my language.But
how much u can critize my facts and figures?
we come here to share,not insulting other pple's languages
and opinions.So far,i dunt see much of u guys insights.
so far ,u guys can make funs on my language.But
how much u can critize my facts and figures?
we come here to share,not insulting other pple's languages
and opinions.So far,i dunt see much of u guys insights.
How can people even critize your facts and figures when your language is so bad up in your badly-structured posts that nobody can even even reach them?
You come here to share rite?
Then how come you don't make it easier for people to read your posts and always go for the same old unreadable post format of a wall of gibberish and text?
You want to make a difference in people's opinions? Make yourself understood first:
Facts more important than languages
Facts nobody can reach or understand due to your language is useless...
You want a fact, what about facing this fact?
IMPROVE YOUR ENGLISH BEFORE YOU TALK ABOUT FACTS IN HERE
http://www.treasury.gov.au/contentitem.asp?NavId=017&ContentID=1424
http://www.treasury.gov.au/documents/1424/HTML/docshell.asp?URL=default.htm
Sometimes.the road to hell are paved with good intentions.
This show Oz ''Australian owned banks, locally incorporated subsidiaries of foreign banks, credit unions and building societies'' needs cash very urgently.
Why do Oz need to gurantee banks and non--banks deposit?
Further,I think Oz is the first country to provide
the Government will offer a guarantee on debt securities issued by Australian owned banks, locally incorporated subsidiaries of foreign banks, credit unions and building societies.....
It is proposed that the facility apply to debt issuance in all major currencies including AUD, NZD, Euro, USD, Sterling, Yen and HKD....
u can read from RBA reports that no funds from overseas to buy secuiritization
for since 3 Q 2007.
Pl tell me if other countries also gurantee this kind of debts.
mm
Originally posted by lionnoisy:"Bomb ticking for Oz banks off-balance gearings of 117 times", which I replied with "Bomb ticking for SG banks off-balance gearings of 117 times ".---
u and me are also stated the facts,right?
''more affordable housing, more spending power for Singaporeans''.
u are right!!Falling Aussie $$ make migrating to Oz much easier!!
Pity the outgoing emigrants from Oz about 80,000 annually.
There are some 150,000 people migrates to Oz annually.
So,the net inflow of about 70,000 will help the property market.
But i cant understand in Oz figures of long term departures and permanent
departures.
''Isn't it a basic tenet in Economics for the government to guarantee bank deposits, you have FDIC (USA) and SDIC (SGP).''
How much FDIC can compensate for the US$7 trillion deposits?
What is the net cash or assets that FDIC or even US gavaman in hands?
i think u know US Treasury debts runs over US$10 trillion,against
US GDP 13.5 t.
Yes.u will say US get lot of nuke war heads and some gold bars.
But how much they fetch if banks broke?
i wander how many gurantees from gavamans of Oz,US etc are
empty promises.Remember Aussie net assets of A$20 b against
local banks deposits gurantee 700 billion and foreign debts 600 b!!
Empty promises just dunt help and pple can guess what your cards
u have.
Facts more important than languages
so far ,u guys can make funs on my language.But
how much u can critize my facts and figures?
we come here to share,not insulting other pple's languages
and opinions.So far,i dunt see much of u guys insights.
There is nothing extraordinary to make known facts which are obvious to everybody. If are a guy, there is no point going around telling other guys that you have a dick and two balls, it's redundant just like you. Like you thread about Aussie banks having gearing of 117, which S'pore banks have too.
1) Does the Singapore government guarantees 100% of all bank deposits above SGD 20K?
2) If all Singaporeans wish to withdraw from the deposits, do you think that the Singapore government can withstand such pressure on it's banking system?
Unfortunately it's not only your language that is the action of your self-mockery, it's also your intelligence and lack of comprehension abilities.
All you can ever do is take news from a free press and cast aspersions, you can never do that with Singapore because our press is not free, thus it's report of negative news about the government is serverely curtailed.
You never cease to make a fool of yourself in sgForums, there are like afew dozen forumers who corrected you on your stupidity in afew forums, but it seems like you never would understand due to a lack of intelligence and you keep coming back for more.
You have good entertainment value.
Originally posted by lionnoisy:http://www.treasury.gov.au/contentitem.asp?NavId=017&ContentID=1424
http://www.treasury.gov.au/documents/1424/HTML/docshell.asp?URL=default.htm
Sometimes.the road to hell are paved with good intentions.
This show Oz ''Australian owned banks, locally incorporated subsidiaries of foreign banks, credit unions and building societies'' needs cash very urgently.
Why do Oz need to gurantee banks and non--banks deposit?
Further,I think Oz is the first country to provide
''Guarantee of wholesale funding''
u can read from RBA reports that no funds from overseas to buy secuiritization
for since 3 Q 2007.
Pl tell me if other countries also gurantee this kind of debts.
mm
If you are still in the dark regarding current affairs.
I have heard of frog in a well, but a lion in a well? It's going to be deafening with the reverberations especially with your head (empty vessels make the most noise).
PARIS - Nations in Europe’s single-currency zone agreed Sunday to temporarily guarantee bank refinancing and pledged to prevent banks failing as part of a raft of emergency measures designed to get credit flowing again.
It was Europe’s most unified response so far to the global financial crisis and addresses a key part of the problem: banks’ reluctance to lend to each other. That has helped fuel the crisis that has pulled down some of Wall Street’s most storied names and is threatening the core of the U.S. and European economies.
After the Dow Jones industrial average ended its worst week in history, plummeting more than 18 percent last week, world leaders scrambled all weekend for a way to unblock money markets before they open Monday.
but i need not worry if u buy this story:
Oct 2008
http://www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2008/113.htm&pageID=003&min=wms&Year=&DocType=
2.Wow!! All 4 Oz major banks are rated with AA
Ratings On Four Major Australian Banks Raised On Strengthening Financial
Profiles; Off Watch Positive
Melbourne, Feb. 22, 2007—Standard & Poor’s Rating Services said today that it had raised its long-term credit ratings to ‘AA’ from ‘AA-’ on Australia and New Zealand Banking Group Ltd., Commonwealth Bank of Australia Ltd., National Australia Bank Ltd., Westpac Banking Corp. Ltd., and their subsidiaries. At the
same time, the ratings were removed from CreditWatch with positive implications, where they were placed on Nov. 8, 2006. The bank fundamental strength ratings of all the four major Australian banks have also been raised to ‘A’ from ‘B+’, while their short-term ratings were affirmed at ‘A-1+’. The outlook for each
entity is stable.
Compared with
DBS AA-
OCBC A+
UOB A+
What were the S & P and other ratings of US 5 major investemt banks
and AIG etc before they fell?
Nowadays,it will be naive to believe all these ratings!!
nn
A draft declaration by leaders of countries that use the euro currency says their governments would temporarily guarantee future bank debt to encourage lending and ease credit markets.
The declaration says the governments would guarantee "for an interim period and on appropriate commercial terms" new debts caused by bank lending during the next five years.
The statement says "this scheme would be limited in amount, temporary and will be applied under close scrutiny of financial authorities until Dec. 31, 2009."
The leaders of the 15 euro-zone countries were meeting in Paris on Sunday in an emergency summit to find European solutions to the global financial crisis.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
PARIS (AP) _ President Nicolas Sarkozy said he expects a meeting of 15 European leaders Sunday to produce an ambitious, coordinated plan to battle the effects of the global financial crisis.
Decisions taken by the heads of countries where the euro currency is used will be submitted to the 12 remaining European Union countries at an EU summit Wednesday, the French president said.
They also will be translated by individual countries into concrete measures, leaders said.
"I expect an ambitious, coordinated plan that brings solutions," Sarkozy said ahead of the summit.
German Chancellor Angela Merkel said she hopes leaders can provide a "very important signal for the markets."
"Our goal is to define a coordinated joint action for the eurozone, so that we can in the coming days take national measures that stabilize the financial markets, but that also don't discredit the individual member states," she said.
Before the summit, Sarkozy greeted each of the other European leaders on the steps of the Elysee Palace. He met with British Prime Minister Gordon Brown, whose partial bank nationalizations provide a potential model for decisions by the euro-zone countries. Britain does not use the euro.
Some European officials said one proposal on the table was sure to be government guarantees of interbank loans in order to unfreeze credit markets locked up by fear and uncertainty among lending institutions.
Such broad guarantees would follow the lead of Britain.
Brown, writing in the Daily Mirror on Sunday, stressed the need for drastic action because of the essential role played by banks; "getting a mortgage, paying the bills and saving for old age."
However, a comprehensive approach is needed, he wrote. "For Europe, the stakes could not be higher and this is a moment of truth."
Sunday's meetings come after an exceptionally bad week on European markets, as stock indexes dived across the continent despite individual government steps.
Last weekend, the leaders of Europe's four biggest economies met but failed to agree on any specific plan. And on Saturday, finance ministers of the Group of Seven met but did not commit to anything firm.
The president of the European Commission, Jose Manuel Barroso, said he was hopeful leaders would "take an important step forward today by agreeing to a clear response for the euro area to the current crisis." Barroso was present for the meeting with Brown.
An "unprecedented level of coordination" is needed to make clear to both Europeans and the markets of the ability to act with a single voice, he said.
German Chancellor Angela Merkel, stressing the need for a "coherent, efficient and synchronized" response, said Saturday that a "common toolbox" could be the outcome of the summit.
Individual countries "could use these tools to respond to (their) particular situation," she said after a meeting outside Paris with Sarkozy.
"We need a common approach in Europe, but we must be able to adapt to each national situation in a flexible way," she said.
Merkel and Sarkozy stressed at a news conference Saturday that coordination is vital to taming the crisis and putting an end to the go-it-alone approach that has predominated thus far in Europe.
Sarkozy said ahead of the summit that he would "announce a certain number of measures" Monday for France.
The summit follows a weekend meeting in Washington of finance ministers from the Group of Seven _ Japan, Germany, Britain, France, Italy, Canada and the United States.
Ireland's unilateral move to guarantee all bank deposits caught other EU nations off balance, and led to fears of a flight of capital to the Emerald Isle.
Britain then announced a 50 billion-pound (US$88 billion) plan to partly nationalize major banks and promised to guarantee a further 250 billion pounds ($438 billion) of loans to shore up the banking sector. The Belgian-Dutch bank Fortis got a bailout, and so did lender Dexia SA, helped by France, Belgium and Luxembourg.