EU executive to propose gradual introduction of EU deposit scheme to win over Germany - draft

A European deposit insurance scheme should be introduced more gradually than initially planned, the European Commission is set to propose next week, in a bid to secure German support for a plan meant to increase financial stability in the euro zone.In a draft document seen by Reuters, set to be published on Wednesday, the European Union executive arm will propose that the insurance scheme, known as EDIS, could initially provide only loans to support depositors of failing banks.This phase would s