Dublin, 12/04/2013 (Agence Europe) - Aware of the waves of reaction to the bailout of Cyprus, the Ecofin Council in Dublin on Friday 12 April said that work must press ahead to introduce banking union in the eurozone and possibly elsewhere.
The first stone in the foundation of banking union is the setting up by the spring of next year of a eurozone bank supervision mechanism under the aegis of the European Central Bank. The finance ministers examined changes to the draft legislation...