The European Commission is piling on pressure to complete the banking union, first proposed in 2012, by the end of next year, as part of a broader plan to prevent a repeat of the financial crisis.
EU commission vice-president Valdis Dombrovskis told reporters in Brussels on Wednesday (11 October) that the aim, among other things, is to make sure taxpayers are not first in line to pay for a banking crisis.
"As long as financial ties between banks and their sovereigns remain as clos...
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