Sweden and UK express concerns about banking union

12/11/2012 | Reuters · Reuters

Swedish officials say the nation likely would remain outside any European banking union, although it might not bar formation. "In our view, it is not likely that we will get enough influence and clarity on these issues that it will be on the cards that Sweden becomes a member of the banking union," Finance Minister Anders Borg said. Meanwhile, a report by UK lawmakers says Britain must ensure financial institutions would not be at a disadvantage because of the European Central Bank becoming too powerful through a banking union.

View Full Article in:

Reuters · Reuters

Published in Brief: