ECB’s Mersch shows support for European deposit insurance scheme

yves-mersch-bcl

A member of the European Central Bank’s executive board has called for further work on a European deposit insurance scheme, as the threat of a European economic slowdown continues.

Speaking in Luxembourg today (November 11), Yves Mersch said now more than ever Europe needs to avoid “capital market fragmentation”.

“Progress requires the removal of the remaining barriers to the free flow of capital and liquidity across borders and banking groups,” he said.

A more integrated single market,

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