Legislation to establish a banking union for the eurozone will be tabled on 12 September, European Commission President Jose Barroso said in a speech Thursday (30 August).
Speaking at the Aspbach Economic Symposium in Austria, President Barroso described the step, which is expected to see the Frankfurt-based European Central Bank given extensive powers to supervise and intervene in the European banking system, as "the next concrete and immediate deliverable of our vision to generate con...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login