Downing Street Says » Banking Union

» Wednesday, September 12, 2012

Banking Union

In response to several questions about the European Commission’s plans for a banking union, the PMS said the Government was keen to look at the details of the proposals that had been put forward.

The Government had consistently argued that a banking union was an essential part of the single currency and the European Central Bank was the right organisation to take on the supervisory role. The PMS said it was important that banking union respected the integrity of a single market and was encouraged that the proposals outlined appeared to recognise that point.

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