EU officials seek pre-election banking union deal
- 10 years ago
EU policymakers met in Brussels on Tuesday with a view to striking a deal on how to save ailing eurozone lenders from failure.
Finance ministers were holding the second day of discussions on planned legislation to set up a safety net for sick banks.
EU leaders initially backed a blueprint in December, but the legislation also requires the approval of MEPs, who disagree on a number of key elements.
Greek Finance Minister Yannis Stournaras told reporters in Brussels that “time is running out” as European elections loom on the horizon.
“We must get a new mandate because as you know the Parliament will vote (on the planned legislation) in the week starting on the 14th of April,” he said.
Parliamentarians will soon start campaigning for May’s EU elections, which kick off on May 22.
EU leaders must also decide on who joins the next European Commission, which is set to be appointed in November.
It means the legislation, which aims to create a banking union across the eurozone, could ge
Finance ministers were holding the second day of discussions on planned legislation to set up a safety net for sick banks.
EU leaders initially backed a blueprint in December, but the legislation also requires the approval of MEPs, who disagree on a number of key elements.
Greek Finance Minister Yannis Stournaras told reporters in Brussels that “time is running out” as European elections loom on the horizon.
“We must get a new mandate because as you know the Parliament will vote (on the planned legislation) in the week starting on the 14th of April,” he said.
Parliamentarians will soon start campaigning for May’s EU elections, which kick off on May 22.
EU leaders must also decide on who joins the next European Commission, which is set to be appointed in November.
It means the legislation, which aims to create a banking union across the eurozone, could ge