Brussels, 04/11/2015 (Agence Europe) - On Wednesday 4 November, the European Commission confirmed that by the end of 2015, it is to present a legislative proposal to set in place the 'deposit guarantee' plank of banking union in the eurozone.
Initially, this proposal will be based on a “reinsurance approach” and will “build on member states' existing schemes. It will supplement national deposit guarantee schemes and provide funding when national schemes are unable to handle large...