Bank deposits of up to 100,000 euros will always be protected, EU Commissioner Barnier tells Greek newspaper

20:31 16/12/2013 - Πηγή: Matrix24

“A bail-in will never affect deposits of up to 100,000 euros, which will always be protected,” Barnier says, stressing that the bail-in cost for European banks will be borne by shareholders and creditors.

Barnier adds that “conclusions are drawn by the economic crisis and its spread to member-states, of which Greece was the first to really suffer.” He adds: “We offer support to banks through more capital of better quality and we ensure better monitoring and governance of banks.”

“The progress we see today in the area of bank unification is good news both for the countries mostly affected by the debt crisis and the eurozone as a whole,” the Commissioner underlined.

Source: AMNA