The formation of the European Union’s Banking Union will be accelerated to make the Economic and Monetary Union (EMU) more stable and resilient to shocks, announced the European Commission in a Communication published on October 11.

The Commission’s report comes ahead of the December Euro Summit, during which the Banking Union will be discussed.

“A complete Banking Union is essential for the future of the Economic and Monetary Union and for a financial system that supports jobs and growth,...


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