Banking union: No supervision without representation

On 12 September the European Commission is to present first proposals on the banking union, which is the central element of the strategy to stabilise the economic situation in the eurozone.

During the EPP Group meeting in Florence, Commission President Barosso assured us that the single supervision mechanism will be open to all member states, including those which are not yet members of the eurozone. But can these states really agree to a mechanism where the European Central Bank is in...