Call for EU governments to join forces in shielding banks
Remarks will rekindle a divisive debate about rich countries supporting banks of poorer neighbours
25 May 2020 - 15:55
Frankfurt — European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said on Monday, potentially using a €500bn EU recovery fund to do so.
The remarks from Jose Manuel Campa, who leads the European Banking Authority (EBA), will rekindle a divisive debate about the need for rich countries such as Germany to support banks of poorer neighbours such as Italy...
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