If we want to pave the way for a more resilient union, “wait and see” is not an option, given that 1/6  BIS central bankers' speeches  financial architecture improvements are not just “nice to have” for the euro area. In fact, the Bundesbank generally backs the idea of a European deposit insurance scheme, provided all preconditions are met.
In response to these developments, the Federal Reserve reduced the spread of the primary credit rate – the rate at which most institutions borrow at the discount window – relative to the target federal funds rate, and also made it easier for banks to borrow at term.