The European Parliament’s Committee on Economic and Monetary Affairs (ECON) is not expected to be able to formalise a position on the ‘EDIS’ proposal aiming to establish a European bank deposit guarantee scheme – the third pillar of the banking union in the euro area – before the European elections.
Due to a lack of any real political will, the issue remains at a standstill in both the European Parliament and the Council of the European Union. In the European Parliament, Esther...