Buzz About European Banking Union And Deposit Guarantee Scheme Helping Markets Surge Today

bank vault, bank door

Photo: Flickr / zagatbuzz

From DJ FX Trader, it’s headlines like this causing markets to go nuts…EU Commission Sketches Out Banking Union Pillars; Calls For Single EU Deposit Guarantee Scheme

There’s been buzz about this for a while now, and mostly the thought is that anything EU-wide would be unworkable, and wouldn’t get past German resistance anyway.

For more on today’s big rally see here >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.