Skip to content
Subscriber Only

Schaeuble Says ‘Limited’ Treaty Change Enough for Banking Union

German Finance Minister Wolfgang Schaeuble and Jens Weidmann, the country’s central bank chief, said treaty changes are needed to put a future European banking union on a sound legal footing.

Germany’s Constitutional Court is strict about monitoring the legality of transfers of power away from the government and parliament, said Schaeuble. That could be a resolved by “limited treaty change” that wouldn’t require referendums across Europe as possible, he said.