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Banking union is coming closer in the eurozone with Brussels proposing that the European Central Bank should oversee all 6,000 of the region's banks. Lex's Stuart Kirk and Richard Stovin-Bradford discuss the plan's practicality and what still needs to be done.

Relate article: http://www.ft.com/cms/s/0/1f8cacda-f2b0-11e1-8577-00144feabdc0.html

For more commentary from the Lex team, visit http://www.ft.com/lex

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