Block a European deposit insurance scheme
The CDU rejects a common European deposit insurance scheme and wants to press the EU to drop the plans. In its view, pooling bank risks creates neither trust in savings deposits nor more stable banks. Instead, banking regulation is to depend on the size and importance of each institution.
The EU plans shared protection for savings across Europe. The CDU is against this. It says all countries would then share the risks of banks. That does not make savings safer. Small banks should have lighter rules than large ones.
The rejection also covers deposit insurance in the form of a reinsurance arrangement. The platform argues that jointly borne bank risks do not contribute to stability. What should be pursued instead are proposals for graduated regulation depending on the size and importance of individual banks.
Show the original quote (page 83)
„uns gegenüber der Europäischen Union dafür einsetzen, die Vorschläge für die Errichtung einer Europäischen Einlagensicherung, auch in Form einer Rückversicherung, nicht weiter zu verfolgen.“Translation: press the European Union not to pursue further the proposals for establishing a European deposit insurance scheme, including in the form of reinsurance.
Placement
- Europeleaning less EU
The CDU wants to block a concretely debated step of EU integration, a common deposit insurance scheme, and keep liability at the national level.