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![Schuldensuehner Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::40129171.png) Holger Zschaepitz [@Schuldensuehner](/creator/twitter/Schuldensuehner) on x 354K followers
Created: 2025-07-06 12:57:15 UTC

Good Morning from Germany, where Chancellor Friedrich Merz has rejected the idea of a joint European deposit insurance scheme. He argued that there’s no reason to combine well-functioning national liability systems at the EU level.
Merz’s position is a setback for the long-stalled push toward completing the EU’s banking union, which has struggled for years due to political disagreements.
Meanwhile, the balance of power in European banking is shifting. With Deutsche Bank having scaled back, French banks now hold the largest balance sheets. Even Société Générale now exceeds Deutsche Bank in total assets, and Santander has also moved ahead.

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**Related Topics**
[banking](/topic/banking)
[insurance](/topic/insurance)
[germany](/topic/germany)

[Post Link](https://x.com/Schuldensuehner/status/1941843888534179964)