MADRID, March 24 (Reuters) - Spain's Prime Minister
Pedro Sanchez said on Friday in Brussels he was in favour of
implementing a European Deposit Insurance Scheme (EDIS), the
last missing element of the capital markets union project
launched in 2012.
While most EU countries have some form of national insurance
that guarantees deposits up to 100,000 euros ($108,320.00),
there is no EU-wide scheme, nor a way for authorities to
cooperate across border if a banking crisis results too
expensive for one single country.
(Reporting by Jesús Aguado; editing by Inti Landauro)
Messaging: Reuters Messaging:
jesus.aguado.reuters.com@reuters.net))
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