Germany denies stalling on banking union

The German government on 17 April 2013 denied it is stalling on the eurozone's "banking union," but says the plans would require an EU treaty change which could take years.

"We are not suddenly asking for a change in the EU treaty and I categorically reject the assertion that we are putting the brakes on the banking union," German finance ministry spokesman Martin Kotthaus said during a press conference in Berlin.

ESO: Background information: Ministers agree deal on EU banking union http://www.europeansources.info/record/ministers-agree-deal-on-eu-banking-union/

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