Brussels, 09/01/2013 (Agence Europe) - The German council of economic experts that advises the government of German Chancellor Angela Merkel on financial and economic issues recommends a three-stage banking union by 2020 in an annual report published ahead of political agreement at the ECOFIN Council on setting up a single bank supervision system. The German document was published in English at the end of last year (see EUROPE 10751).
The German experts' strategy for setting up a Banking...