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Barroso and Grybauskaite launching the Lithuanian presidency in Vilnius (Photo: ec.europa.eu)

Barroso: Banking union bill to be published next week

The EU will present the next round of banking union legislation next week, the president of the European Commission said Friday (5 July).

Speaking in Vilnius, prior to the opening ceremony launching Lithuania's six month EU presidency, Commission boss Jose Manuel Barroso confirmed that the legislation would be released by the bloc's financial services commissioner, Michel Barnier, on Wednesday.

The EU executive arm is expected to set up a common resolution authority for the euroz...

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