Angela Merkel is coming under mounting pressure from the Bundesbank and the sister party of her Christian Democrat (CDU) group to block EU plans to make the European Central Bank the central supervisor of a eurozone banking union.
At the June EU summit leaders indicated that a deal had been reached to create a eurozone banking union to be supervised by the Frankfurt-based bank. The EU executive is expected to present legislative proposals in mid-September. However, the German Chancellor...
Back our independent journalism by becoming a supporting member
Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.