ECB Weidmann: Risk sharing should not be the main objective of the banking union

Market news

27 September 2012

ECB Weidmann: Risk sharing should not be the main objective of the banking union

To create a bank union will take time
Central banks do not have to perform the tasks of fiscal policy
Trust - a key condition for a stable currency
It will be difficult to separate monetary policy and regulation
Ireland, Portugal and Spain have increased their competitiveness
The improvements are not that significant to restore confidence
Euro - a stable currency

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