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Europe Daily Bulletin No. 11448

9 December 2015
ECONOMY - FINANCE / (ae) banks
Bank deposit guarantee - Berlin challenges legal base

Brussels, 08/12/2015 (Agence Europe) - On Tuesday 8 December, Germany called into question the legal base (article 114, 'single market') selected by the Commission for the proposed regulation to bring in a European deposit insurance scheme (EDIS).

“We are obliged to be very serious in the legal basis” of this legislative proposal, said the German finance minister, Wolfgang Schäuble, during a debate on banking union in the eurozone at the Ecofin Council. He argued that “article 114 is...

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