Economists at Citigroup reckon that a fund ought to start with a baseline of 2% of insured deposits, and then topup that amount with an additional premium to reflect the risk that peripheral countries may leave the euro and that their currencies would then depreciate.
If the scheme followed the French model, it would topup credit-insurance limits, slashed by insurers for many firms since October, for a premium of 1.5%.
The story begins with complaints from BT Vision, Virgin Media and TopUp TV that Sky was preventing them from becoming effective competitors by refusing to give them access on fair terms to premium sports content.