We are now witnessing another radical change as a perfectly reasonable deposit guarantee is being undermined.
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The mYPlace scheme will offer financial help with the first month's rent and a guarantee for their deposit.
They would also like to see a joint bank deposit guarantee scheme and a fund for winding down banks.
He wants a European banking union that contains a joint deposit guarantee scheme.
The proposal would include a single deposit guarantee organization covering all banks in the union, something similar to the FDIC, which covers U.S. bank deposits.
She said that those clamouring for Germany to "pour billions into eurobonds, stability funds, European bank deposit guarantee funds" wanted a quick crisis fix that was unsustainable.
However, German Finance Minister Wolfgang Schaeuble said he and the International Monetary Fund had been in favour of "respecting the deposit guarantee for accounts up to 100, 000" euros.
The Deposit Guarantee Schemes Directive - put forward by the European Commission - would force banks to build up a pot of money to ensure that savers are protected in struggling times.
However, a full banking union, in which the eurozone states agree to a common deposit guarantee, with the implied support of the eurozone states for systemically important banks would need a treaty change.
But as these three banks aren't publicly traded, the Spanish government said it would give the holders of their newly created ordinary shares the option of selling them to the country's deposit guarantee fund.
Aspirations to move towards harmonised deposit-guarantee schemes and bank-resolution mechanisms cause even more alarm.
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Another quasi-government security is a bank bond with a guarantee from the Federal Deposit Insurance Corp.
Yet, for some experts, last month's bailout agreement for Cyprus showed that some common deposit-guarantee arrangement is essential.
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Its U.K. deposits were thus formally covered by the U.K. deposit-guarantee program.
Following America's lead, other countries have also introduced deposit-guarantee schemes.
Under the new agreement, average savers' deposits with all Cypriot banks of up to 100, 000 euros will be guaranteed by the state in accordance with the EU's deposit insurance guarantee, the diplomat said.
And a deposit-guarantee plan for the euro zone?
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Then, they need to prove that they can tap into long-term credit markets without leaning on the Federal Deposit Insurance Corp. to guarantee their debt.
Borrowers can lower their interest rate by asking lenders to purchase certificates of deposit against their loan for rates of 4.25% or below, and credit unions guarantee the CDs.
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