Brussels to lay out banking union plan by early September

EurActiv reported that the European Commission proposes to present the banking union proposals by 11 September 2012. At the European Council summit in June 2012 the EU leaders decided that a plan of banking integration was essential to stop the relation between bad banks and indebted governments. Taking into account the worsening situation in Spain the European Commission emphasized that immediate action is crucially important.

ESO: Background information: EU Banking Union. Do it right, not hastily! http://www.europeansources.info/record/eu-banking-union-do-it-right-not-hastily/

ESO: Background information: Euro blueprint maps way to banking union http://www.europeansources.info/record/euro-blueprint-maps-way-to-banking-union/

---