Mercoledì, 19 Settembre 2018
ROME

Letta says banking union deal safeguards small savers

English
© ANSA

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Rome, June 28 - Italian Premier Enrico Letta said
Friday that the deal the European Union has reached for a
banking union will ensure all small savers are protected from
any eventual run on banks.
"Accounts under 100,000 euros will be safeguarded in any
bank crisis that takes place in Europe," Letta told a press
conference in Brussels at the end of a two-day EU summit in
Brussels.
A pre-summit financial ministers' meeting (ECOFIN) forged
a deal to help struggling banks, seen as a platform for a future
banking union to help backstop the euro.
Letta added that the European Investment Bank had to be
strengthened to make it the EU's "arm for the real economy" and
that the European Central Bank (ECB) needed to be protected.
He said that "in some countries there is morbid attention
to the lead role" the ECB has been playing to combat the
eurozone crisis, with its pledge to buy the bonds of countries
facing soaring borrowing costs if this is needed to defend the
euro.

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