Banking union could include exceptions for local banks (News)

At a summit in October, European Union leaders agreed plans to complete the European banking union by January 2014, after the general elections in Germany.

>> Read:?EU summit deal aims for full 'banking union' in 2014

The concession was made to German Chancellor Angela?Merkel?who argued for "quality" over "speed" in putting in place the new supervisory system, seen as a cornerstone of the EU's efforts to end the eurozone' sovereign debt crisis.

Source: http://www.euractiv.com/euro-finance/policy-makers-banking-union-incl-news-516494?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=EurActivRSS

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