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Europe Daily Bulletin No. 10883

9 July 2013
ECONOMY - FINANCE - BUSINESS / (ae) ecb
Stakes too high to fail to act fast on banking union

Brussels, 08/07/2013 (Agence Europe) - The president of the European Central Bank (ECB), Mario Draghi, has upped pressure on the European institutions to get them to come up with rapid and tangible results on banking union for the eurozone. He was speaking at the European Parliament on Monday 8 July.

“We must act swiftly to reap the benefits of banking union. The stakes are too high” to take a break in the legislative and technical work, said Draghi. He said the ECB was counting on a...

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