But that should be addressed via sufficient harmonisation of the structural measures taken, not by being too lax about extending the use of deposits. –  In short, there appears to be no clear case that market making, excluding few exceptions, ought to benefit from explicit or implicit government guarantees. So, market making should not have access to insured deposits.
Demand for services continues to recover from its pandemic lows, with the release of pent-up demand for travel evident to anyone who has spent much time in DTW and other airports recently. Labor compensation is a key factor for non-housing services prices, and growth in labor costs remains well above pre-pandemic rates.