Bowles on Banking Union: Making ECB accountable is great victory

 Sharon Bowles MEPSpeaking from Brussels today following the final negotiations on the Banking Union Sharon Bowles MEP, who chairs the European Parliament’s Economic and Monetary Affairs Committee, said:

“This was an historic agreement to establish first steps for a Banking Union which will see the ECB take over supervision of systemic banks, or those receiving state aid, and revise the voting arrangements of the European Banking Authority. Continue reading