Euro zone should take next steps to complete banking union: Germany’s Scholz

BERLIN (Reuters) – German Finance Minister Olaf Scholz said on Wednesday that euro zone governments should agree this year on next steps for completing their banking union in order to make the single currency bloc resilient for the next crisis.

“It would be a big pity if we wouldn’t have established all the instruments necessary when it happens,” Scholz said during a panel discussion on the future of Europe in Berlin.

“So I’m absolutely sure that we do not have time and it would be a great progress if we would succeed this year with the most important steps, the next steps for the banking union and to agree on the ones that have to come afterwards,” he added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.