European banking union

    • Germany open to move on post-crisis bank reform

      Germany open to move on post-crisis bank reform

      Germany is willing to support a pan-European bank deposit protection scheme as long as individual countries remain chiefly responsible for shielding savers of a troubled bank, its Finance Minister Olaf Scholz said on Wednesday in an eight-page document entitled "Position Paper on the Target Image of the Banking Union", submitted to German magazine Der Spiegel.

      108