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Banking Union Completed
Politics ♦
Published: December 19, 2013; 12:45 ♦ (Vindobona)
The Finance Ministers of the Eurozone have reached a compromise on the last pillar of the banking union. The deposit protection mechanism will come into power in 2015.
Banking Union Completed / Picture: © Vindobona.org
The timetable for the banking union was very ambitious. Until the end of December, the Finance Ministers planned to reach a compromise on the banking union.In the last weeks, the Finance Ministers of the Eurozone resolved the bank supervision system and the common winding-up mechanism.
Now, the European Commission, the European Parliament and representatives from the national…
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