Printer Friendly

Banking Union to Be Discussed at Next EU Summit.

EU leaders will discuss the project for a banking union at the next European Council in October, stated European Commission President Jose Manuel Barroso.

Speaking in Malta following meeting PM Lawrence Gonzi, Barroso stated that EU leaders must take specific desicions for resttoring trust in the euro.

"I sincerely hope that the impluse for the eurozone has not been lost," said the European Commission President.

Apart from the outlines of a banking union, the Commission is set to present a project for procedures of oversight of member states' national banks.

Many European leaders, such as French President Francois Hollande and Italian PM Mario Monti have voiced support for introducing a common EU bank monitoring body.

The next European Council will take place October 18-19 in Brussels.
COPYRIGHT 2012 Novinite Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Sofia News Agency
Date:Oct 6, 2012
Words:126
Previous Article:Bulgaria to Strike 6 Y Delivery Deal with Gazprom.
Next Article:Bulgaria's Energy Grid Ready for Winter Mode.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |