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Polish Government Considers Joining Banking Union

Published: December 14, 2012; 20:27 · (Vindobona)

Today, Poland´s Prime Minister Donald Tusk explained that Poland may become a member in the single supervision mechanism.

Polish Government Considers Joining Banking Union / Picture: © Wikipedia / Gnesener1900

In future, ECB will supervise 200 big banks in the Eurozone which are systemically relevant or which have received public aids. Banks with total assets of more than € 30bn or of more than 20% of the country´s GDP are systemically relevant. The banking union starts in 2014. Poland´s government welcomed the compromise, Finance Minister Jacek Rostowski said.

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