Eurozone needs common banking union

Note: This section contains information in English only.
Source: The Wall Street Journal
The ECB reiterated that common banking union development is critical to prop up the Eurozone's financial system, even though Germany's central bank said that such a decision might be risky and "premature". Vitor Constancio, the ECB's official, also claimed that the ECB should exercise power of monitoring European banks, as the bank has required knowledge and institutional resources to carry out the task.    
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Wed, 13 Jun 2012 07:11:43 GMT

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