European Commission President Jean-Claude Juncker announced on Wednesday a new push to guarantee the money EU citizens have deposited in their bank accounts, even when financial institutions fail.
A common European bank deposit insurance system is "urgently needed" to replace various national savings protection schemes, Juncker said in his
See also: State of the Union speech in Strasbourg.
"What we need is a more European system, disconnected from the purses of individual member states, so that citizens can be one hundred percent sure their savings are safe," he said.
Read more: Juncker pushes for European savings insurance | Business | DW.COM | 09.09.2015
A common European bank deposit insurance system is "urgently needed" to replace various national savings protection schemes, Juncker said in his
See also: State of the Union speech in Strasbourg.
"What we need is a more European system, disconnected from the purses of individual member states, so that citizens can be one hundred percent sure their savings are safe," he said.
Read more: Juncker pushes for European savings insurance | Business | DW.COM | 09.09.2015
