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Banking Union: No Progress

Published: November 16, 2013; 09:32 · (Vindobona)

The EU countries could not agree on a common bank resolution mechanism yet. Once more, the pressure on Berlin is growing.

Banking Union: No Progress / Picture: © Vindobona.org


The time is short now for the EU bank resolution. Initially, the European Commission intended to agree on a common framework before the end of the year.

Latvia´s Minister of Finance Rimantas Sadzius, head of the Council, explained that there is no definite solution yet. The ministers were debating on a number of issues, Sadzius told to reporters. The main topic were…

This article includes a total of 147 words.

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