“British taxpayers will not be guaranteeing any Eurozone banks”

In a statement published on 29 June 2012, following the close of the EU Council meeting held on 28 and 29 June 2012, the heads of all EU Member States called on the EU Council to consider proposals for a single EU banking supervisor by the end of 2012 and as a matter of urgency.  In a Parliamentary statement, the UK government confirmed its support for such measures, but was equally clear that “Britain will not be part of any common deposit guarantees or under the jurisdiction of any single European financial supervisor”.