[ewg4345h43]

Many people though like you they are protected in the EU... Until Cyprus declared in 2013 they will confiscate money even from accounts with less than 100.000 EURO due to their financial crisis in 2013. Later, they reverted that decision, because the EU was scarred by the consequences and decided to help Cyprus overcome the crisis.

[JumpCrisscross]

There is no EU-wide deposit insurance. It was widely called for but blocked. European deposit insurance is nationally administered.

[ewg4345h43]

There is a EU directive that require certain guarantees from the member states. Citation from wikipedia:

Directive 94/19/EC of the European Parliament and of the Council of 30 May 1994 on deposit-guarantee schemes[11] requires all member states to have a deposit guarantee scheme for at least 90% of the deposited amount, up to at least 20,000 euros per person. On October 7, 2008, the Ecofin meeting of EU's ministers of finance agreed to increase the minimum amount to 50,000. ...

[JumpCrisscross]

> EU directive that require certain guarantees from the member states

Which is not EU-wide deposit insurance. It is a directive asking EU members to create national deposit insurance schemes.