Germany’s Merkel Opens Door to European Banking Union

The transcript discusses the need for Europe to advance financially, with Germany's internal political dynamics playing a significant role. Germany has been hesitant due to internal party opposition, but there is a push to break this blockade. The discussion highlights the importance of Germany's finance minister, Schultz, in navigating these challenges to maintain political stability. On a European level, negotiations continue regarding the banking union and deposit scheme, with no immediate concessions expected.

How does the speaker characterize the domestic debate in Germany?

What does the speaker imply about the future of the deposit scheme?