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European Central Bank President Mario Draghi: similar protection scheme of deposits across the Eurozone is needed
The European Central Bank (ECB) President Mario Draghi said on Wednesday that similar protection scheme of deposits across the Eurozone is needed.
"Deposits, which are the most widespread form of money, have to inspire the same level of confidence wherever they are located. To ensure that deposits are truly as safe everywhere across the euro area, the likelihood that a bank fails has to be independent of the jurisdiction where it is established. Resolution has to follow the same process in the event that a bank fails," he said.
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