Friday, 19 April 2013

Economy News Headlines - Yahoo! News: G20 urges EU to complete banking union fast, Germany digs in heels

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
G20 urges EU to complete banking union fast, Germany digs in heels
Apr 19th 2013, 22:55

By Jan Strupczewski and Gernot Heller WASHINGTON (Reuters) - World financial leaders urged the European Union on Friday to quickly complete its banking union to help growth, but Germany stood firm that the next step toward such a union be through a lengthy and risky process - a change of EU law. The banking union is one of the key projects to improve the economy of the 17 countries sharing the euro. It would help eliminate many of the problems that now hold back the flow of credit needed to finance a euro zone economic recovery. ...

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