The Savings Bank President and the BVR President fear that the EU deposit insurance could unsettle customers.
(Photo: Uta Wagner (2))
Frankfurt Helmut Schleweis, President of the German Savings Banks and Giro Association (DSGV), and Marija Kolak, President of the Federal Association of Volks- und Raiffeisenbanken (BVR), jointly warn of a crisis of confidence among their customers if the European Union fails to implement its plans for a joint Maintain deposit insurance for European banks.
Eurogroup boss Paschal Donohoe presented a roadmap for the introduction of a corresponding system at the beginning of May. The German federal government rejects this in principle. However, many savings banks and Volksbanks are concerned that Germany will ultimately give in to a major EU compromise. This is feared, for example, at a meeting of euro finance ministers in mid-June.
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