Germany stands firm: ECB is not prepared to supervise all Euro zone banks

Tuesday, September 4th 2012 - 01:25 UTC

Full article 4 comments

German Finance Minister Wolfgang Schaeuble rejected on Monday a European Commission plan to give the European Central Bank sweeping powers to monitor all Euro zone banks, saying it should instead focus only on systemically important institutions. Read full article

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British_Kirchnerist
So now even the comission is fighting Germany openly, wow...
Sep 04th, 2012 - 03:24 am - Link - Report abuse 0
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ManRod
There will be no european version of the “US Federal Reserve Bank”, germans will stand against this concentration of power and robbery to the “little man”.
There must be a consecuence for states having bad habbits in their budgets, everything else will result in economic disaster.
Sep 04th, 2012 - 12:16 pm - Link - Report abuse 0
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vestias
A Alemanha e a UE tem que encontrar um caminho para supervisionarem os banco Europeus se querem uma União económica e monetaria devem encontrar soluções para os Bancos
Sep 04th, 2012 - 01:36 pm - Link - Report abuse 0
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ManRod
vestias, there is already a solution for those banks who bought toxic stuff without responsability. Let them get broke, plain and simple free market rule.
There will be no common economic liability from northern european state for southern states to spend as much money as they want. That would be insane...tear Europe appart.
Sep 04th, 2012 - 05:37 pm - Link - Report abuse 0
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