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Bundesbank scuppers all talk of EU banking union
Looks like the tooth fairy is not biting.
Germany's central bank has shot down EU proposals for a European banking union, warning categorically that eurozone liabilities cannot be shared without a fundamental shift towards fiscal and political union.
Which ain't gonna happen.
Posted by: tipper 2012-06-13
http://www.rantburg.com/poparticle.php?ID=346492