Posted on 06/18/2016 3:44:56 AM PDT by Olog-hai
Germany on Friday set its conditions to deepen banking union in the European Union, demanding that risks be reduced at Europe’s banks before deposits could be guaranteed EU-wide.
Many EU governments such as France and Italy see a deposit guarantee across Europe as the next logical step to avoid the problems that brought on the euro debt crisis and the financial collapse of 2009.
At talks in Luxembourg, the EU’s 28 finance ministers agreed for the first time to an EU roadmap towards a deposit guarantee scheme across Europe. …
(Excerpt) Read more at thelocal.de ...
Oh goody, let's lower the risk for any individual bank but increase the systemic risk for the entire continent.
What happens when there has to be a payout? Just a guess. German-EU banking interests will own the economy of the countries involved.
And they all go to the World Bank for money.....and guess who is the chief funder of the World Bank.
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