Banking Union: Czech Republic Cautious

People ♦ Published: December 15, 2012; 16:31 ♦ (Vindobona)

For the time being, the Czech Republic will not join the single supervising mechanism.

Banking Union: Czech Republic Cautious / Picture: ©

The Czech Prime Minister Petr Necas explained that his country will not join the banking union now. Non-Eurozone member state are entitled to enter the banking union on a voluntary basis. According to Necas, the Czech Republic has no reason for that. In the next years, the Czech Republic, Poland, Hungary and Sweden will remain observers, he said. As a result, the Czech Republic is not…