THE TELEGRAPH: People holding accounts at banks that fail could soon have their savings of up to €100,000 (£84,000) returned to them within a week, under new EU plans.
The draft laws from the European Commission, published on Monday, are designed to shore up confidence in the wake of the financial crisis.
Current minimum compensation levels in member states are set at just €50,000, while people who bank with a collapsed lender face a three-month wait for their money. Read on and comment >>> Emma Rowley | Monday, July 12, 2010
