German finance minister offers deal on eurozone deposit insurance scheme

New proposals may not be enough to overcome other EU countries’ opposition

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Germany’s finance minister has said his government could support a eurozone-wide deposit insurance scheme, but has called again for reform of sovereign bonds’ risk rating.

German finance minister Olaf Scholz said backing the scheme was “no small step for a German finance minister”. But it is unclear whether his proposals are sufficiently different from previous German policy-makers’ offers to appeal to other European Union governments.

Scholz set out four measures aimed at deepening the EU’s

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