Meeting in an inclusive format on Thursday 17 June in Luxembourg, the Eurogroup did not adopt an exhaustive and detailed work programme aimed at completing the Banking Union in the euro area, with, notably, the creation of a European Deposit Insurance Scheme (EDIS).
This is due to the lack of financial urgency, which had put enough pressure on the European legislator after 2012 to set up the ‘supervision’ and ‘resolution’ parts of the Banking Union. It is also due to the political...