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„Banking Union Must Not Become Burden for Real Economy“

Published: September 13, 2012; 00:00 · (Vindobona)

The Federation of Austrian Industries (IV) underlines that the banking union must be competition-neutral. Above all, the real economy must not face liquidity constraints, IV says.

„Banking Union Must Not Become Burden for Real Economy“ / Picture: © Flickr

Today, the Commission of the EU has presented its proposal for establishing a banking union. According to the Commission, the banking union should contain a centralized supervision authority. Moreover, the deposit protection and the restructuring rules should be unified. As a first step, the competence of ECB will be enlarged. ECB becomes a centralized financial market authority for the…

This article includes a total of 447 words.

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