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The German parliament will have to approve any deal on the banking union (Photo: Valentina Pop)

Banking union: The German way or no way

A deal on the planned single supervisor for banks in the eurozone will come about only if it meets German demands limiting the European Central Bank's (ECB) responsibility.

EU ambassadors in Brussels were set to meet Monday evening (10 December) for what diplomats said would most likely be an "all-nighter" in a last attempt to thrash out a compromise on the banking supervisor before a gathering of finance ministers on Wednesday dedicated to the topic.

At the core of the dispute i...

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The German parliament will have to approve any deal on the banking union (Photo: Valentina Pop)

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