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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