Brussels, 22/05/2014 (Agence Europe) - Greek Finance Minister Yiannis Stournaras says that banking union will be beneficial for both investors and ordinary people in the eurozone.
At an Academy of European Law conference in Athens on Thursday 22 May, Stournaras said that the new bank supervision mechanism, SSM, would ensure that banks' financing costs reflect their strengths and weaknesses. He said that as supervision, provisioning and dealing with non-performing loans will be harmonised,...