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Czech Republic Still May Use Veto Against Banking Union

Published: December 5, 2012; 22:04 · (Vindobona)

The Czech government wants to secure the rights of national regulation authorities.

Czech Republic Still May Use Veto Against Banking Union / Picture: © Vindobona.org

Miroslav Kalousek, Finance Minister of the Czech Republic, explains that the approval of the banking union depend on the rights of the national regulators. Kalousek underlines that national regulators should have the decisive word.

The Czech banking sector is clearly dominated by banks in Eurozone member countries. In total, 90% of the Czech banking sector is owned by foreign…

This article includes a total of 323 words.

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