Recently, the European Commission addressed an idea of a banking union, with integrated financial supervision and a single deposit guarantee scheme. The idea of a uniform deposit guarantee scheme was proposed and rejected by member countries a few years ago. It would appear to require quite some time before this proposal can be agreed upon.
9  On May 2012, the European Commission suggested, for example, that Spain, France, the Netherlands (the impact of an additional deficit cut agreed at the end of April was not taken into account), Slovenia, and Slovakia might not meet the 3-percent fiscal deficit target unless additional measures were undertaken.