Is Lithuania another Iceland banking crisis in the making?

I’m not sure that’s right. The EU (for which, read the European Commission) has been developing a European Deposit Insurance Scheme (EDIS) that would replace the national schemes. But some eurozone countries aren’t overly convinced - in particular I think Germany is unhappy that it might effectively end up bailing out smaller member states.

But I think there’s recognition that the current set up is untenable in the longer term.

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