Another proof that the Berlin political puppets have set as top priority the protection of the banking mafia
From
archyworld.com
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Merkel
and Renzi showed to his colleagues lack of harmony and
understanding about the next steps in the building known as the
Union Bank , a project launched in the heat of the economic and
financial crisis that hit hard at the eurozone.
German
Chancellor “he repeated” and the lines advocated by his
finance minister, Wolfgang Schäuble, at ministerial level:
Germany did not support the creation of a European system of
security deposits before they are reduced financial risks ,
explained various sources.
The
conservative Merkel conveyed that “Germany is not completely
against of a deposit guarantee scheme, but it has made stresses
that we must establish a sequence (steps forward) and first reduce
risks of the banking systems”, diplomatic sources said.
[...]
Preceded
by Berlin reluctant comments, the European Commission presented in
late November its proposal to create a European Deposit Guarantee
System for the euro , which It was built from 2017 with funds
provided by the bank and gradually culminating with a mechanism in
2024.
The proposal includes a Guarantee
Fund European Deposits , which increased by a 0.8% of all deposits
covered by the Banking Union-that is, the euro area and some other
countries that have joined the project-which could rise to 43,000
million euros, according to the levels of deposits, 2011 .
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Actually the
guarantee of the deposits was officially terminated already since
2013 with ECOFIN decision:
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