Finance Minister Yannis Stournaras stated his satisfaction at the adoption by the European Parliament, of Directives that pave the way to the banking consolidation of the European Union, through a statement, referring to a “significant milestone for the EU, the banking sector and the common currency”.

As emphasized by Mr. Stournaras in his capacity as chairman of Ecofin, the protection of taxpayers from banks under bankruptcy is ensured, with the full protection of bank deposits of up to 100000 euros.

“As president of ECOFIN, I would like to thank and congratulate the legislators for their hard work in relation to this issue as well as their constructive and visionary approach, which made these difficult compromises possible”, concluded the Finance Minister.