European Banking Integration Gets Boost in New Push From Berlin

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Germany’s finance ministry sought to break the deadlock in discussions over European banking integration by signaling it may drop its opposition to a key part of the plan.Berlin is ready to consider a form of joint European deposit insurance, something that would stabilize the financial system by reducing the risk of bank runs, according to a finance ministry paper published on Wednesday. That part of the plan has stalled, facing strong resistance from fiscally conservative countries and some parts of the German …read more

Source:: Yahoo Finance

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