Germany is proving less keen than the European Commission had hoped to share its wealth with poorer EU states.
That reluctance is likely to push back deadlines for proposals on eurozone reform. It could even sink the commission's ideas on deeper monetary union, solidifying Europe's north-south economic divide.
One commission proposal was to create a European Deposit Insurance Scheme (EDIS) to protect up to €100,000 of savers' deposits in any eurozone bank.
European Counci...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.