A common EU deposit guarantee scheme is a crucial component of the safety net and  should be set up as swiftly as possible. In November 2015, the Commission presented a  proposal for a European Deposit Insurance Scheme (EDIS).
In fact term deposits as a share of banks’ funding has been falling while transaction and at-call deposits have been growing strongly. Part of this is because a flattening of the yield curve has made investors less inclined to invest in longer term deposits.