Euro zone must head toward banking union ECBs Praet
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MILAN (Reuters) - The euro zone needs to push ahead with its financial sector reform plans and create a centrally managed and funded body to handle troubled banks, a European Central Bank policymaker said on Friday. "Europe needs to move towards a 'financial union', with a single euro area authority responsible for the supervision and resolution of large and complex cross-border banks," ECB Executive Board member Peter Praet said. "Decisive and far-sighted reforms like these, unrealistic until a short while ago, are now gaining support. ...
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Real Estate: Business: Euro zone must head toward banking union ECBs Praet
Date Listed : Friday, May 25, 2012
Source : Yahoo! News: Business, Business; Copyright (c) 2005 Yahoo! Inc. All rights reserved.
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