By MATT MOORE
AP Business Writer

Oct 5, 2008, 6:50 PM EDT

STOCKHOLM, Sweden (AP) -- "Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate AG and guaranteeing private bank accounts as European governments scrambled on their own Sunday to save failing banks.

"Chancellor Angela Merkel said that no citizen should fear for the safety of their investments. Hours later, her government announced a new bailout package totaling 50 billion euros ($69 billion) for Hypo Real Estate, Germany's second-biggest commercial property lender.

"Hypo said an original euro35 billion ($48 billion) rescue plan fell apart after private lenders withdrew support, a key element to the proposal that had already been approved by the EU. . . ." More: http://hosted.ap.org/dynamic/stories/E/EU_EUROPE_MELTDOWN?SITE=AP