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Devil in the Detail as EU Ministers Eye Banking Supervisor
Wednesday, December 12, 2012 20:30
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European finance ministers are due to meet ahead of Thursday’s EU summit to thrash out details for a single supervisory banking mechanism under the watchful eye of the European Central Bank.
It is part one of a three-part process to establish full banking union.
Daniel Gros, an economist with EPC, said: “The question is now, where you can install a second, new department in the central bank, so to speak, a second Euro Tower, which is completely separate from the first and also independent. It will be very difficult, because then the ECB will become two institutions.”
2012-12-12 19:00:25
Source: http://roomanicast.blogspot.com/2012/12/devil-in-detail-as-eu-ministers-eye.html
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