Banking Union: No Progress

Politics ♦ 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: ©


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…