A European Deposit Insurance Scheme, long advocated by the European Central Bank, is unlikely to be agreed on in the coming years, ECB bank supervisor Andrea Enria said on Wednesday.
“A fully fledged EDIS should remain the goal but will not be there in the coming months and years,” Enria told a conference. “I will finish my mandate in a little bit more than three years and I doubt there will be a fully operational EDIS when I leave.”
The absence of the euro zone-wide insurance scheme is seen as a key impediment in the integration of the bank sector, which is now fragmented along national lines, keeping profitability and efficiency low.
The European Parliament will switch to French search engine Qwant from Google, it said on Wednesday, underscoring Europe's push to reduce its reliance on U.S. technology in favour of ...
The European Union is preparing an economic support package worth an initial amount of €50 million ($58.1 million) for Armenia after Russia hit Armenia with some trade restrictions, ...
Updated 1220
Labour Sets Casual Election Line-Up as Eight MPs Vacate Seats Across Seven Districts: Following the formation of a new cabinet, the Labour Party (PL) has determined the a...
Updated 1200
Malta’s Inflation Falls to Lowest Level of 2026, Below Eurozone Average: Malta’s annual inflation rate, measured by the Harmonised Index of Consumer Prices, eased from 2....
Former Polish president and anti-communist icon Lech Wałęsa was among the first recipients of the newly established European Order of Merit, receiving the EU’s highest distinction during...
The European Parliament has thrown its weight behind demands for a bigger long-term EU budget, approving its position for negotiations on the bloc’s next seven-year financial framework f...
Microsoft is developing new wearable technology with an artificial intelligence (AI) enabled gadget.
The company unveiled two concept products it has developed for people who often us...
GO p.l.c., Malta’s leading telecommunications provider, today announced the launch of the MOGOSC project (MOdernisation of the GO-1 Submarine Cable), a strategic infrastructure upgrade t...
“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN ...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
GO p.l.c., Malta’s leading telecommunications provider, today announced the launch of the MOGOSC project (MOdernisation of the GO-1 Submarine Cable), a strategic infrastructure upgrade t...
Malta Employers extends its congratulations to the Partit Laburista on its victory in the General Election and looks forward to engaging in constructive social dialogue with Prime Minist...
Gulf hostilities flared anew on Wednesday, with the U.S. military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed, as diploma...
The United States and Iran reached an agreement on Thursday to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz, sources told Reuters, though U.S. P...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
All members of the European Union agreed to open talks with Ukraine and Moldova on the first cluster of issues in their accession talks, Ukrainian Prime Minister Yulia Svyrydenko said ...
Russia launched a major missile and drone attack on Ukrainian cities, including Kyiv, Dnipro and Kharkiv, overnight, killing at least nine people and wounding dozens.
This comes after...
