Ad
The European Parliament wants to have a say over the entire banking union proposal (Photo: Luc Mercelis)

EU turf war on banking union may pose risks to Spain

The European Parliament is fighting for a bigger say in shaping the eurozone banking supervisor in a move which could hurt Spain.

Putting the eurozone's banks and national supervisors under the ultimate authority of the European Central Bank (ECB) should have been a relatively easy task, or so EU leaders thought back in June. This was Germany's precondition for agreeing that ailing banks may access the eurozone fund directly, a demand made by Spain so that the €100 billion loan from the...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
The European Parliament wants to have a say over the entire banking union proposal (Photo: Luc Mercelis)

Tags

Ad

Related articles

Ad
Ad