ECB reassures bloc leaders on bank stability, calls for EU deposit insurance


Source: theglobeandmail.com theglobeandmail.com

Key Topics in this News Article:

News Snapshot:

European Central Bank President Christine Lagarde arrives for an EU summit, in Brussels, Belgium, on March 24.JOHN THYS/AFP/Getty Images The European Central Bank reassured European Union leaders on Friday that euro zone banks were safe but called on them to push on with an EU deposit insurance scheme, officials said. On the second day of talks in Brussels, EU leaders discussed economic issues, including changes to the bloc’s fiscal and debt rules, but concern over the impact of the troubles of Credit Suisse CS-N and Silicon Valley Bank (SVB) on the EU banking system was high on the agenda, officials...