On the snail (setting off toward Brussels): European banking supervision
On the dogs: Banks

The European Commission presented the second component of its plans for greater banking union on July 10, more than a year after national leaders opened talks, but member states remain divided on how it should be implemented. Germany in particular believes the project would give too much power to the Commission and is holding up the agreement from being sealed.

Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic