On the grounds of prudence, this special treatment is not warranted and needs to be stopped. After all, the debt crisis clearly refuted the notion that government bonds are risk-free. It would therefore be a mistake to create a single deposit guarantee scheme without first ensuring that all the conditions are met.
When it comes to reforming monetary union, thoroughness should be put before speed. I would prefer to take small steps in the right direction than large strides in the wrong one. 5 Conclusion Ladies and gentlemen, The Beatles’ impromptu rooftop concert 50 years ago ended after 42 minutes.