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Germany Fails to Censure European Union Over Bank-Deposit Plans, FTD Says
Date 22/10/2010 12:58  Author webmaster  Hits 1288  Language Global
22 OCT 2010

By Jana Randow | Bloomberg  

The German Parliament’s effort to censure the European Union over proposed changes to rules governing guarantees to customer bank deposits has failed, Financial Times Deutschland reported.

Only the parliaments of Sweden and Denmark joined the Bundestag in registering complaints with Brussels over plans to force banks to reserve enough capital to pay customers up to 100,000 euros ($139,000) in the event of a bank failure, the newspaper said, citing a Bundestag document.

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