Banking Union agreement will help boost growth by stabilising Europe’s financial institutions, and avoiding burden on the taxpayer

11.04.2014

Banking Union agreement will help boost growth by stabilising Europe’s financial institutions, and avoiding burden on the taxpayer

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A hard-fought Banking Union agreement reached between the European Parliament, Council and the Commission will place the burden of failing banks on investors and not the taxpayer. With ECB supervision, banks will become more stable and encourage more investment to create jobs, says Corien Wortmann-Kool MEP, a Member of Parliament’s Economic and Monetary Affairs Committee.

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