Brussels, 18/12/2013 (Agence Europe) - Inter-institutional talks on the European deposits (savings) guarantee scheme (DGS) finally reached agreement in the evening of Tuesday 17 December, after over three years of negotiations. Savers will now be better informed and protected in the event of a bank collapse. The agreement still needs to be formally endorsed by the legislators.
EP rapporteur Peter Simon (S&D, Germany) said it was a good day for taxpayers and savers, adding that the...