Brussels, 19/11/2008 (Agence Europe) - On Wednesday 19 November, member states' Ambassadors to the EU set out a general approach on the draft directive amending European rules on deposit guarantee systems presented by the European Commission in mid-October (see EUROPE 9762) and mandated the French Presidency to negotiate a first reading co-decision agreement with the European Parliament.
The main elements of the French Presidency compromise are: - increasing the coverage level to €50,000; -...