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Europe Daily Bulletin No. 10841

7 May 2013
ECONOMY - FINANCE - BUSINESS / (ae) banking
Schäuble says no financial solidarity without new EU treaty

Brussels, 06/05/2013 (Agence Europe) - Germany refuses to budge, saying that any financial solidarity with another country will require amendment of the EU treaty.

In an interview published on Monday 6 May in French business newspaper Les Echos, German Finance Minister Wolfgang Schäuble says that ideally banking union would require a uniform bank recovery mechanism and the EU treaty would have to change to make this possible. He said the Germany was prepared for this, but other countries...

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