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ECB president calls for single scheme to protect deposits

Issue has faced years-long deadlock; Berlin does not want its banks to be liable for losses elsewhere

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Mr Draghi signalled that failure to introduce a safety net risked repeating mistakes in the "institutional design" when the euro currency was established.

Frankfurt

THE Euro zone should introduce a single scheme to protect savers across the euro zone, the president of the European Central Bank said on Wednesday, adding that failure to make such a reform undermined the currency union.

While not the first time Mario Draghi has called