Bundesbank deputy endorses single resolution authority

The vice president of Germany's Bundesbank called on the 10 June 2013 for an effective Europe-wide bank resolution authority, a position at odds with the German government which has been resistant to such a move.

The creation of a banking union in Europe, including a structure to wind-up failed banks, is widely seen as a missing link in efforts to bring the region's debt crisis to an end.

ESO: Background Information: Q&A: Treaty moves promise fraught debate http://www.europeansources.info/record/qa-treaty-moves-promise-fraught-debate/

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