Meeting in an ‘enlarged Eurogroup’ format, the European Finance Ministers will react for the first time on Tuesday 3 May to the draft work plan aimed at completing the banking union in the euro area that the President of the Eurogroup, Paschal Donohoe, shared with them on Friday 29 April (see EUROPE B12942A21).
This draft work plan envisages two phases to complete the banking union by 2030, including the creation of a European deposit insurance fund alongside banking supervision and...