The Missing Pillar of the Banking Union: German Scepticism and the European Deposits Insurance Scheme

Author
Sebastian Płóciennik
Content Type
Special Report
Institution
The Polish Institute of International Affairs
Abstract
Negotiations on the creation of common bank deposit insurance for the EU have been underway for more than three years. The deadlock is mainly due to Germany’s reluctance, afraid of the creation of a new financial transfer mechanism at the expense of its own economy. An opportunity for compromise is the December Euro Summit. If an agreement is reached, it would mean the finalisation of the banking union—a key area for the future of the eurozone.
Topic
Finance, Economy, Regional Integration, Banks
Political Geography
Europe, Germany, European Union