79% of survey respondents expect the European Central Bank will supervise all euro zone banks, in line with the European Commission’s legislative proposal for a single watchdog.
Are we there yet? In XTB analyst Miguel Ángel Rodríguez’ opinion, we aren’t even close to get a simple agreement on which to lay the foundations of the much urgent banking and fiscal union for the euro zone. Yet, the picture is becoming clear about what to do next to succeed.
MADRID | “Given that it took four years to complete the negotiations of the Treaty of the Union until it was signed in 1992, given the depth of the issues, it is conceivable that this time it won’t be a lot simpler,” says Carlos Díaz Güell.
Miguel Ángel Rodríguez, financial analyst at XTB, accuses core euro governments of impeding progress towards a real Banking Union that would stop contagion spreading from public debt risk to credit entities.
As European financial crisis enters a critical stage, should the ECB have the power to supervise all euro zone banks as well as those in…
i want you back letter for boyfriend LONDON | The European Commission on Wednesday tumbled and mumbled about the set up of a banking union….