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EU recovery fund deal revives hopes for eurozone banking union

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EU recovery fund deal revives hopes for eurozone banking union

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Some central bankers say the EU’s €750bn recovery fund will be a vital step towards the creation of a common deposit insurance scheme
Some central bankers say the EU’s €750bn recovery fund will be a vital step towards the creation of a common deposit insurance scheme © REUTERS

The EU’s new €750bn recovery fund will revitalise long-stalled efforts to complete the eurozone’s banking union, according to central bankers who predict it will be a vital step towards the creation of a common deposit insurance scheme.

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