DID ANYONE SAY UNION?

摘要

The European Commission's plans for a banking union are facing fierce headwinds. Without such a scheme it will be very tough to recapitalize struggling banks, stabilize financial markets and resolve the euro zone crisis. There's consensus that the project is necessary and will happen-and European Union political leaders did agree to it in June. But resistance from the wealthi- est northern European countries, with German savings and co-operative banks leading the charge, will likely lead to both delay and compromise.