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The European Parliament will propose that deposits over €100,000, mainly held by companies, get to enjoy greater protection under the new bank resolution mechanism to be adopted by the European Union.
Jornal de Negócios says that the idea is that depositors will "only to be forced to take part in a rescue as a last resort, because they have more protection compared to bondholders."
The proposal will be presented at the Committee on Economic and Monetary Affairs next Monday, Negócios reveals, quoting a source in the European Parliament.
Negotiations will then take place within the European Council, where there is currently only a consensus about guaranteeing deposits of up to €100,000.
A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
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