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Schaeuble: 'Where it cannot be done within the current legal framework, we will do on an inter-governmental or bilateral level' (Photo: consilium.europa.eu)

Germany softens stance on EU treaty change

The eurozone's planned banking union is "urgent" and should be created within the current EU treaties, German finance minister Wolfgang Schaeuble said on Tuesday (7 May) after previously suggesting a treaty change was needed.

"Banking union is a central project, we need institutional changes but we cannot wait for a treaty change. We need to work with what we have," Schaeuble said during a debate with his French counterpart Pierre Moscovici at the Berlin Free University.

He explai...

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Schaeuble: 'Where it cannot be done within the current legal framework, we will do on an inter-governmental or bilateral level' (Photo: consilium.europa.eu)

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