David Cameron has called for swift moves towards a banking union for the eurozone without compromising the EU single currency.
David Cameron has called for swift moves towards a banking union for the eurozone without compromising the EU single currency.
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The Prime Minister told fellow EU leaders at a Brussels summit that Britain backed the plan, including sweeping supervision not just for the biggest banks but smaller institutions too.
He later, over dinner, set out the need not just for a single supervisor to govern the eurozone, but for a comprehensive system of resolution funds – to cover the wind-up of failing banks – and deposit guarantees to restore stability and credibility.
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