4  Table 2 Deposit Guarantee Schemes in the EU and the US (EU 2012 figures in euro, US 2014 figures in US dollars)  Source: European Commission, “Towards a European Deposit Insurance Scheme”, 9 November 2015. EDIS requires only € billion on behalf of Germany to create the common pot of € billion, a country that is dragging its feet on the issue.
French banks account for the largest contributions to EDIS, as France – keen to the idea – has the largest banking sector in the euro area, followed by Germany. If we look at these sums, we should see them as a tiny hedging against the risk of systemic bank runs.