German finance minister offers deal on eurozone deposit insurance scheme
New proposals may not be enough to overcome other EU countries’ opposition
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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