About: deposit guarantee scheme
EU leaders set no date for banking union, ask for plan to get there
European Union leaders reiterated on Thursday (16 December) their political commitment to finishing the bloc's banking union, but set no date for it, underlining the deep disagreements between governments on what needs to be done to get there.
Dombrovskis adds pressure to adopt deposit guarantee scheme
Amid persistent doubts over some pockets of the banking system, European Commission Vice-President Valdis Dombrovskis, urged reluctant member states to accept the EU proposal to set up a common deposit guarantee scheme.
Germany blocks small progress on banking union at EU summit
Germany prevented a new attempt to break the deadlock on a European Union plan to boost financial stability in the banking sector by watering down a joint statement of an EU leaders' summit, the bloc's officials said yesterday (15 December).
MEPs seek to water down EU bank deposit guarantee plan
European lawmakers plan to water down a European Commission plan to guarantee bank deposits, according to a draft report seen by Reuters, throwing up another hurdle to regulators' plan to boost savers' confidence and the financial sector.
Merkel and Hollande devise a plan for the future of the eurozone
The two leaders are expected to unveil a joint proposal on the future of the eurozone by the end of 2016, once they have set aside their own differences over how to pursue integration. EURACTIV France reports.
Summit achieves minor progress on banking union deposit scheme
German chancellor Angela Merkel reluctantly accepted on Friday (18 December) giving a green light to start discussions on the European deposit insurance scheme, the remaining part of the banking union.
Commission aims at having full European deposit insurance scheme by 2024
Bank deposits within the EU up to 100,000 euros, no matter which bank or country they are in, should be guaranteed by 2024 by a European fund, the European Commission proposed on Tuesday (24 November).
Juncker and Draghi fail to win support for eurozone reform
The piecemeal approach orchestrated by Jean-Claude Juncker and Mario Draghi to address the root causes of the euro zone debt crisis and complete the Economic and Monetary Union (EMU) has not yielded any positive results so far, EURACTIV.com has learned.
Commission lays the groundwork for post-2017 eurozone reforms
The European Commision has started laying the groundwork for the next stage of eurozone integration, claiming there is “political appetite” in European capitals to start discussing reforms, followng the French and German elections in 2017.
Berlin and London play hardball in shaping vision for the EMU
The eurozone's rulebook and its anti-crisis mechanisms have been bolstered since the sovereign debt crisis hit Europe at the end of 2009. But serious risks still loom large, as growth potential remains low and the bloc's governance framework is “not fit for purpose”, Benoît Cœuré said after a meeting of EU finance ministers this weekend (12 September).