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Europe's takeaway from recent banking turmoil
The Sound of Economics
The Importance of Unlimited Deposit Insurance in the EU
In theory the EU has limited deposit insurance and the US had limited deposit insurance in practice. In Denmark uninsured depositors would lose money when they failed. So that's a long way to say that I think it would be NY for the EU as for the US to move to explicit unlimited deposit insurance but in terms of the implicit guarantees the EU was already there and the US is coming there too.
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