PRAGUE, June 27 (Reuters) – The Czech government and
Bulgarian central bank stepped up criticism of proposals for an
EU banking union on Wednesday, raising new obstacles to
agreement at a summit this week.
Changes to EU banking supervision are seen as important for
resolving the euro zone debt crisis and are up for discussion at
a summit that is already set to be heated as Germany faces off
with Italy, France and Spain over how to save the currency bloc.
PRAGUE, June 22 (Reuters) – Czech central bankers have taken
affront at a push by some EU partners for a bloc-wide banking
union that could threaten their country’s uncommonly strong
capital buffers and undermine the years of conservative policy
that helped support them.
The proposals could have deep implications for Prague and
other newer EU members because the underscore that their biggest
banks are simply assets held by foreign interests and not the
stand-alone national champions that many domestic consumers
believe them to be.