This dissertation was written as
part of the
LLM
in
Transnational and Europe
an
Commercial Law & Alternative Dispute Resolution
at the International Hellenic
University.
The
European
Banking Union
was proposed by the
Commission
in 2012 as a
portion of the long
-
term
mission for fiscal integration aiming at
the restoration of
confidence in eurozone. The plan
was intended to
be implemented gradually with a
shift of the banks’
supervision to a European level, with an establishment of
a common
framework responsible for crisis management as well as
with
a shared system for
deposit insurance. The first two measures have been implemented so far but the third
measure remains the missing pillar of such a Union. A backed European Deposit
Insurance Scheme would be the best protection that could be added to the national
deposits guarantee structures which are estimated €100,000 per account and bank.
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