ecu ought to take closing steps towards banking union: German finance minister

BERLIN (Reuters) – German Finance Minister Olaf Scholz talked about on Tuesday that the european Union necessary to take the final steps toward making a banking union in order that enormous European banks could strengthen.

“For me it be additionally critical that we are trying, chiefly now that it’s 10 years after Lehman Brothers and the connected international monetary disaster, that we take the remaining steps to create a banking union, a fiscal union in order that giant European banks can emerge, for example,” Scholz noted.

He added that those banks would be capable of accompany big European corporations, and a ecu capital market could be able to develop.

Scholz didn’t identify any particular banks.

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