The European Commission will on Wednesday (6 June) unveil its proposal for a "banking union" designed to restore confidence in the euro.
The package is expected to include EU-level banking supervision, a eurozone-level fund for handling failed banks and a eurozone-level deposit guarantee fund.
Greek and Spanish deposit-holders are moving hundreds of billions of euros from local banks to safe havens in case Greece returns to the drachma or Spain asks for a bail-out, with perilous ...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.