Villeroy de Galhau calls for banking union to be completed

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The eurozone should resume efforts to complete the banking union before another crisis hits the region, said Banque de France governor François Villeroy de Galhau, in a speech on September 10.

The eurozone is now overseen by the Single Supervisory Mechanism, but its officials have failed for years to agree on the creation of a common deposit insurance scheme (EDIS). In order to break the impasse, the French governor proposes the creation of a ‘common deposit mechanism’.

“By changing the name

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