November 6, 2019 / 1:07 PM / 3 months ago

German government has not yet discussed Scholz's deposit insurance proposal - spokesman

FILE PHOTO: German Finance Minister Olaf Scholz holds a news conference on tax revenues in Berlin, Germany, October 30, 2019. REUTERS/Fabrizio Bensch

BERLIN (Reuters) - German Finance Minister Olaf Scholz’s proposal for a European deposit insurance scheme was a contribution to debate that had not yet been formally discussed by the government, a spokesmen for the German government said on Wednesday.

In an article for the Financial Times, Scholz proposed four reforms the euro zone needed to complete its stalled banking union, suggesting that some of the changes Germany has opposed so far, like deposit insurance, could take place.

But government spokesman Steffen Seibert declined to say that the proposals were government policy, telling a regular news conference that the matter had yet to be discussed by the government.

Reporting by Thomas Escritt; editing by Thomas Seythal

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