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Markets  |  December 05, 2012 09:43:51

Germany and France are split opinions on Union Bank


Germany and France are split views on the banking union. Germans (as Finance Minister Schäuble said) like it should have the final say in the supervision of banks, the ECB, the responsibility for the oversight of most banks would, according to him should keep the national regulators. Schäuble also said that it is essential to the Unit: monetary policy and banking supervision. French Finance Minister Moscovici then protested against plans to weaken the banking union and insisted that supervision must be carried out by the ECB.

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