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Europe Daily Bulletin No. 11575

18 June 2016
ECONOMY - FINANCE / (ae) banking
Finalisation of banking union in limbo

Luxembourg, 17/06/2016 (Agence Europe) - The countries of the Eurozone have not set any date for the European deposit insurance scheme (EDIS), the third and final pillar of banking union in the Eurozone, to be in place.

It has not been possible to set a final date to complete banking union, but “our ambition is to reach an agreement in the course of the interim period” during which the single resolution fund (SRF) will be built up, the Dutch finance minister, Jeroen Dijsselbloem, said...

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