(22) Cash and cash equivalents


€ million

Dec 31, 2008

Dec 31, 2007

Cash

994

1,386

Marketable securities and other cash investments (maturity less than three months from the date of acquisition)

255

536

 

1,249

1,922

Demand deposits are only kept for short-term cash positions at banks with a minimum rating Glossary of A-/A3. As in the previous year, interest rates are maintained at market levels.