Germany Seeks to Break Bank Union Deadlock With Concessions

  • Finance minister signals openness to key pillar of project
  • Offer to support deposit insurance comes with list of demands
Germany is ready to consider some form of joint deposit insurance, Scholz wrote in the FT.(Source: Bloomberg)
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German Finance Minister Olaf Scholz sought to end an impasse in discussions over European banking integration by signaling Berlin may drop its opposition to a key part of the plan.