Buch enters reservation on common deposit guarantees
Bundesbank deputy says safeguards must be put in place first
Deutsche Bundesbank deputy president Claudia Buch today (February 4) said the eurozone had not yet met the essential preconditions for a common deposit guarantee scheme, and warned of the danger of creating moral hazard.
Buch's concerns reflect the complaint that ever closer union in the eurozone creates numerous avenues for risks to be "mutualised", and for certain taxpayers to end up footing the bill for other countries' incautiousness.
She told a conference jointly hosted by the Bundesbank
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com