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Poland Favors Banking Union, Czech Republic is Skeptical

Politics ♦ Published: October 20, 2012; 14:29 ♦ (Vindobona)

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The governor of the Polish National Bank Marek Belka calls for joining the banking union. The Czech Republic may use the right to give a veto.

Poland Favors Banking Union, Czech Republic is Skeptical / Picture: © Vindobona.org

“The banking union will be beneficial not only for the EU but also for Poland.” Belka emphasized. Belka and the government also regularly call for entering the Eurozone after the economic crisis is managed.

By contrast, the Czech President Vaclav Klaus underlined that the Czech Republic would reject the banking union, Klaus says. Moreover, it would be advantageous to be no…