Brussels, 28/07/2015 (Agence Europe) - The eurozone countries should complete banking union by creating a pan-European deposit guarantee scheme, the IMF states in its 2015 report on the eurozone, which was published on Monday 27 July.
The executive committee of the international organisation stressed the “need for common deposit insurance with an effective fiscal backstop”, as a third plank of banking union in the eurozone, in addition to the 'supervision' and 'resolution' planks.
In...