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Schaeuble: Would be very difficult to get approval by German parliament if all banks were included in supervision by ECB

Schaeuble: Would be very difficult to get approval by German parliament if all banks were included in supervision by ECB

News
Gerry Davies
04/12/2012 | 10:04 GMT
  • Chinese wall between banking supervision and monetary policy is vital at ECB, last decision on supervision cannot be left to ECB governing council
  • Germans don’t believe ECB can oversee all banks. ECB should have power to choose banks it covers

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