-EU commissioner says new banking union to be ready by 2013.
Global Banking News - 13 July 2012
named after Gaston Michel, a French surgeon (1875-1937).
metal skin sutures in various sizes from 8 to 16 mm long. Each clip is a 2 mm wide band of metal with a downturned sharp prong at each end. Barnier, European commissioner for the Internal Market and Services, has said that the new banking union will become operational in 2013.
The banking union has been designed to recapitalise eurozone Eurozone
same as Euroland
Eurozone n → eurozona, zona euro
Eurozone n → zona euro banks directly if they need financial help. It is also expected that the move will mitigate mit·i·gate
To moderate in force or intensity.
miti·gation n. market fears during a crisis. Barnier is to present detailed plans for a single bank supervisor for the EU in September.
It is expected that the plan will be put to vote in 2012.
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