Merkel wants banking union - a good, German one
Slow, but no “no”
Germany’s refusal to rush through the details of the single banking supervisory mechanism is not driven by a hidden agenda to delay the decision forever. Berlin genuinely agrees on the need for pan-European financial oversight. It just wants one tailored to its interests.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.