European Central Bank (ECB) boss Mario Draghi has given a sceptical reaction to a German-led compromise on banking union, saying that it could create a regime "that is single in name only."
Speaking at a hearing with the European Parliament's economic affairs committee on Monday (16 December), Draghi urged deputies to agree "a strong and credible resolution mechanism" with ministers.
The new rule-book should have "a single system, a single authority and a single fund," said Drag...
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