Schaeuble reaffirms opposition to common deposit guarantee scheme

"On this I'm quite stubborn," the minister said at a cep event in Berlin on Wednesday evening

German Finance Minister Wolfgang Schaeuble at an event in Berlin marking the 10th anniversary of the cep strictly rejected the idea of introducing a common deposit guarantee scheme on the European level right now. “On this I’m quite stubborn,” the minister said. Schaeuble acknowledged that Germany could be outvoted by the other member states on this point. „But they will not do this,” he reckoned. See also our cepInput on the matter.