Student or Learner
Would you be kind enough to tell me whether I am on the right way with my interpretation of the expression in bold in the following brief excerpt from the IHT’s article ”European leaders vow to fight financial crisis”?
"A week ago the Irish government said it would fully guarantee bank deposits in Irish banks, reassuring consumers there but angering leaders of neighboring nations that offer much less sweeping protections for savers."
I know a few meaning of the adjective “sweeping” and especially “indiscriminate”, “desultory” but I think that in the present case it is more relevant to use the following meaning:
sweeping (a) = radical, having wide-ranging influence or effect: sweeping change sweeping reform, sweeping protection
Thank you for your efforts.
In this context, its meaning is "all-embracing". The Irish government is guaranteeing repayment of all deposited moneys lost by individuals in bank crashes.