Barroso urged the establishment of the EU banking industry alliance
President of the European Commission (European Commission) urged the European Union (EU) 27 member states, large banks should be regulated by a single cross-border institutions, the move is part of the establishment of the Banking Union as early as next year.
In an interview with the British “Financial Times” interview, said José Manuel Barroso (José Manuel Barroso), the EU needs to learn from the sovereign debt crisis, not only do the European Commission last week proposed the gradual additional legislative measures, but also need more in-depth integration “greater strides”.
Barroso pointed out that the relevant plans, including the deposit guarantee mechanism within the EU and a relief fund, financed by financial institutions, the plan or will be next year, and will not bring about change to the EU’s existing treaties.
“To be honest, I think that we have the conditions for further action, which previously did not.” He added. モンスター ビーツ スタジオ オレンジ ドクタードレー オーバーイヤー ヘッドフォン
“EU member states are now more clearly aware of the need to take further action in the EU integration, especially within the euro area range. This is a lesson of the crisis.”
However, British Finance Minister George Osborne (George Osborne) adhere to the view that Britain will not join the Union of the banking sector, otherwise the British taxpayers need to foot the bill for the recapitalization of the euro-zone banks, the major UK banks also need to accept the EU regulators supervision.
Barroso proposed regulatory body will give the EU the power of the authorities, so that it can suppress a bank, and in the case without the consent of the Governments to force bondholders to accept a loss.
Meanwhile, he also hopes to accelerate the deposit guarantee mechanisms and the establishment of bank clearing mechanisms, mainly at the national level.
Barroso proposed for achieving this integration does not change the treaty, may be subject to opposition in Germany.
Despite these obstacles, Barroso think the UK and Germany are now more aware of the need to establish EU-wide banking system.
“European integration has always been to make progress.” He says, “We should continue to take progressive measures to borrow the words of Angela Merkel, German Chancellor Angela Merke is often used that its opposition to the position of the wide-ranging reforms, but we need to take a bigger step. If Europe has taken such a step, there is the risk of disintegration. “グッチハイトップレースアップスニーカー 221825ADFX09060
United Kingdom Ministry of Finance The Banking Alliance proposal is a single financial support of the single currency “, in Osborne’s view, if the British do not need to be involved, then, this approach is advocated.
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