Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The Minister mentioned in his contribution that he hopes the deposit guarantee scheme will be agreed at European level. What changes are proposed in that regard? Does this mean, for example, that the €100,000 figure guaranteed here will be the standard across Europe? Will it be a standard figure and will the agreement have an impact on the deposit protection account the Central Bank currently holds? What are the key changes proposed for a common deposit insurance scheme?