ASSESSMENTS
Dim Chances for a European Banking Union Breakthrough
Dec 27, 2017 | 19:53 GMT
(Thomas Lohnes/Getty Images)
Highlights
- Negotiations over the future of the European Union in 2018 will include talks on completing a banking union, which would first require the creation of a blocwide deposit insurance system.
- The deposit insurance scheme faces strong German and Dutch opposition based on their reluctance to share risk with Southern European banks, which they view as too fragile.
- Proposals to address the issues of nonperforming loans and sovereign debt exposure may not be enough assuage the Northern European concerns.
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