EU Split on Pace for ECB Bank Oversight as Germany Urges Caution
This article is for subscribers only.
The French and Belgian finance ministers pressed for rapid progress toward common European bank oversight during talks in Cyprus, while Germany cautioned against rushing to enact the plan.
“It is important to keep up the pace,” Belgian Finance Minister Steven Vanackere told reporters today in the Cypriot capital Nicosia before European Union finance ministers convened to discuss the plan for a single supervisor, with its promise of direct aid for troubled lenders.