Euro area Finance Ministers will resume work on the finalisation of the banking union on Thursday 11 June. They will begin the procedure for electing a new Eurogroup president, could unblock new aid to alleviate Greek debt servicing, and will discuss the ‘euro area’ component of the European Recovery Plan.
With regard to the banking union, “no operational conclusion” is expected from the ministers’ discussion, a European source indicated on Wednesday 10 June. Nevertheless, the...