ECONOMY - FINANCE - BUSINESS / (ae) banks

Single banking supervision, Barnier not ruling out changing treaty in medium term

Brussels, 14/11/2012 (Agence Europe) - The Commissioner for the Single Market, Michel Barnier, has stated that a legal solution must be found without changing the treaty, in order to ensure fair treatment for countries outside the eurozone participating in the single banking supervision mechanism under the aegis of the ECB, after the ECOFIN Council on Tuesday 13 November (see EUROPE 10729). He said that the right solutions in the current legislative framework must be sought, even if we may...