EU commissioner calls for the next step in the establishment of the Union Bank.
Olly Mr Rehman, Member, Committee on Economic and Monetary Affairs of the European Union (EU) called for the EU to take steps for the establishment of the Union Bank.
"I believe that our work in the establishment of the Union of the Bank's mission to be one of the most important in Europe in the months and years ahead. Foundation for growth and employment, "Mr Rehman said after euro zone finance ministers meeting Kasr.
"The restoration of the financial sector, not just to finance banks. But involves lending to bolster investment. With the need for job creation and sustained recovery, "said Mr Rehman.
However, Germany has called for caution. As Mr. Wolfgang Choi Global Finance Minister of Germany in the Financial Times newspaper. Times yesterday that the agency established to rescue the banking sector together to change the EU treaty.
"We should not make promises we can not keep up," Mr. Choi said Peebles. By stating that the cooperation between the different national approaches are possible prior to achieving all the criteria for the establishment of the Union Bank.
Mr. Rehman argued that funds and mechanisms to solve the banking sector together will be implemented within the framework of current legislation. And the legal experts were looking for a clear answer for this issue.