The European Commission has long argued for the creation of a banking union as an indispensable step toward that goal.
The Commission’s upcoming proposals are part of a broader package leading to economic, fiscal, and political union that will redefine the boundaries of European integration.
The road that we have decided to follow will allow for swift action. The Single Banking Supervisory Mechanism does not require a treaty change and should be in place by January 2013.
Common and more integrated supervision is the first step towards a banking union.
Moreover, it is the start of something much bigger.
Jose Manuel Barroso, Project Syndicate (De stora pojkarnas DN Debatt), 29 augusti 2012
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Viktigt! Bankunionen kuppas igenom
Rolf Englund blog 31 augusti 2012
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