EU Leaders Push For Banking Union - Presented by: The Aol. On Network

EU leaders want agreement by the end of the year on how to resolve failed banks at European level, despite German reluctance to do it ahead of a September election. German Chancellor Angela Merkel cast doubt on whether that timetable could be respected, saying the creation of a European authority with such powers would require a change to the EU treaty - a lengthy and politically risky process.



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