Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-16-Speech-4-216-250"
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"en.20120216.23.4-216-250"2
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"The deposit guarantee schemes in force in the various EU Member States will, in the case of bankruptcy of a financial institution, compensate depositors up to the agreed coverage level of EUR 100 000 per depositor, and that the deadline for such compensation is 30 working days. I support this system, since it will ensure the confidence of depositors, but if it is not sufficient to protect them credibly and to guarantee related repayments, it is the Member States and their taxpayers that will bear the cost of the bankruptcy of credit institutions."@en1
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