Merkel Ally Says Germany Will Win Support for Bank Union Stance
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The parliamentary finance-policy spokesman for Chancellor Angela Merkel’s bloc said he’s confident that Germany will persuade more European countries to join it in rejecting a single fund to wind down troubled banks.
Plans unveiled by the European Commission for a banking union in Europe are “not acceptable” in their present form as they’re incompatible with European law, Klaus-Peter Flosbach said in e-mailed comments responding to questions today.