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Europe Daily Bulletin No. 10230

7 October 2010
THE DAY IN POLITICS / (eu) eu/germany
Germany ready to trigger subsidiarity alert

Brussels, 06/10/2010 (Agence Europe) - A majority in the German parliament is of the view that the Commission proposal of July 2010 on strengthening and harmonising bank deposit guarantees (see EUROPE 10179) does not respect the principle of subsidiarity and proportionality since it fails to take account of the particularities of the German banking system, including savings and cooperative banks. As a result, the Bundestag and the Bundesrat are likely to decide on Thursday 7 October to...

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