No Major Progresses in Banking Union

People ♦ Published: December 11, 2013; 14:04 ♦ (Vindobona)

Tuesday night the Finance Ministers of the European Union have gradually approached on the outstanding issues in the handling with banks threatened by bankruptcy.

No Major Progresses in Banking Union / Picture: ©

However, a final agreement was not found by the ministers even after several hours of negotiation.

According to German Finance Minister Wolfgang Schäuble, there are still details that need to be solved, which is why another meeting of the EU Finance Ministers is necessary. Accoring to Schäuble, December 18 is a potential date, the day before the next EU summit. “We need to…