Luxembourg, 20/06/2011 (Agence Europe) - On Monday 20 June, the European finance ministers confirmed their agreement in principle on the proposed directive governing the national deposit guarantee funds (EUROPE 10391). These rules protect savers in the event of the collapse of a bank by guaranteeing the reimbursement of their deposits, up to €100,000, within 20 working days.
The Ecofin Council is of the opinion that the national funds should be paid ex ante at a level of 0.5% of all...