Eldridge Financial: EU scrapped plans to centralize bank deposit insurance

http://eldrigefinancialreviews.com/eu-scrapped-plans-to-centralize-bank-deposit-insurance/ eldridge financial blog review private clients, Eldridge Financial: EU scrapped plans to centralize bank deposit insurance Eldridge Financial Review, Facts, Ideas and Opinions: Markets have rallied on expectations Greece won’t get kicked out the euro, Spain will get the money it needs and the ECB will use its balance sheet to limit potential turmoil. Spanish 10-year bond yields fell to their lowest in six months. Spain is at the center of the most pressing banking issue. Rajoy wants a European bailout to inject cash directly into its ailing banks, to relieve it of the burden of paying back as much as 100 billion euros ($131 billion) in bank-rescue loans. Euro leaders are battling over a June pledge to enable direct recapitalizations once a European bank supervisor is in operation, with Germany refusing to set a deadline.