EU’s finance ministers look to up bank deposit guarantees in the face of bank collapses and financial misfortunes. LUXEMBOURG -- The European Union's finance ministers are set to call for a massive boost to the minimum level of bank deposit which member states guarantee, diplomats said Tuesday. Current EU laws state that governments should, as a minimum, guarantee deposits of EUR 20,000 (USD 27,200), but the recent swathe of bank collapses and state interventions has led to calls for that figure to be radically revised. Individual member states are pushing for figures ranging from EUR 40,000 up to EUR 100,000, diplomats said. At present, deposit...
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