Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Malta’s Fenech Says EU Plan for Banking Union May Cause Turmoil

European proposals to reshape the crisis-struck euro area, including creating a banking union, may cause further turmoil on financial markets, said Malta’s Finance Minister Tonio Fenech.

The 10-year road map released on June 26 by four officials led by European Union President Herman Van Rompuy was a “hasty proposal” that will only “contribute to confuse and create more market exasperation,” Fenech said in an interview in Malta’s capital Valletta. “One must examine such proposals in detail, as banking union is a rather grand word which will definitely cause further turmoil on financial markets.”

Fenech also said that the proposals should have been presented at the ministerial level before being included in the agenda of the European leaders meeting in Brussels starting from today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.