# In an op-ed, Prof. Roy Smith proposes a euro-wide deposit insurance system

1 Faculty News June 18, 2012 ![Financial News logo ](/sites/default/files/styles/246w/public/assets/images/con_030513.jpg?itok=TpE2KEls)>

Excerpt from [Financial News](http://media3.efinancialnews.com/story/2012-06-18/europe-fdic-crisis-fund-comment?mod=promos) -- "Two things need to be done urgently: to secure the necessary ratification of the eurozone countries to authorise the European Stability Mechanism and to allocate a portion of its €500bn fund to a new deposit insurance fund similar to the Federal Deposit Insurance Corporation in the US."

[Read more](http://media3.efinancialnews.com/story/2012-06-18/europe-fdic-crisis-fund-comment?mod=promos)