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EU: President Juncker pushes for European savings insurance

European Commission President Jean-Claude Juncker announced on Wednesday a new push to guarantee the money EU citizens have deposited in their bank accounts, even when financial institutions fail.

A common European bank deposit insurance system is "urgently needed" to replace various national savings protection schemes, Juncker said in his

See also: State of the Union speech in Strasbourg.

"What we need is a more European system, disconnected from the purses of individual member states, so that citizens can be one hundred percent sure their savings are safe," he said.

Read more: Juncker pushes for European savings insurance | Business | DW.COM | 09.09.2015

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