Constancio says EU countries are ‘moving the goalposts’ on risk sharing
ECB vice-president says sovereign bonds should have positive risk weightings
European Central Bank vice-president Vítor Constâncio has accused some eurozone countries of shifting their policy aims in order to prevent the sharing of risk between national financial systems.
“The truth is that so far the Banking Union project has been exclusively about risk reduction and no specific element of risk sharing has been introduced”, Constâncio said on May 17.
Constâncio said that one key form of risk sharing would be a European deposit insurance scheme, or EDIS, in a speech to
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