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Europe Daily Bulletin No. 12776

26 August 2021
ECONOMY - FINANCE - BUSINESS / Banks
Commission supports Latvia in deposit guarantee schemes case between Riga and Sweden
Brussels, 25/08/2021 (Agence Europe)

In early August, the European Commission ruled in favour of Latvia in a dispute between the Baltic country and Sweden over deposit guarantee schemes.

In an interstate dispute based on Article 259 TFEU, the Latvian authorities are of the opinion that their Swedish counterparts have infringed the Deposit Guarantee Schemes Directive (2014/49). According to the Commission, the Swedish guarantee scheme should have paid to the Latvian guarantee scheme certain contributions previously paid to the...

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