09:57, 27 July 2012 Friday
Euro zone banking union proposal seen in Sept: Barroso
A proposal for a banking union in the euro zone will be made in early September, European Commission President Jose Manuel Barroso said on Thursday.
World Bulletin / News Desk
A proposal for a banking union in the euro zone will be made in early September, European Commission President Jose Manuel Barroso said on Thursday.
"The Commission is working intensively towards the creation of a banking union. In early September we will make a proposal for a single supervisory mechanism," Barroso said after holding talks with Greek Prime Minister Antonis Samaras. "This will rely on the European Central Bank as regards the euro area."
Barroso also said he was convinced Greece would continue in the euro zone and would get support from the European Commission as long as it continued on the path of reforms.
"We will do whatever is necessary to ensure financial stability of the euro area," he said.
- Share It
- Send My Friend
Write a Comment
Most Popular News
> Israel plans to divide praying time in Al Aqsa: Palestinian leader
> America's frogs and toads disappearing fast
> Zionists plan to colonize Palestine in 1899 NY Times
> Ankara eyes new partnerships in northern Iraq
> Egypt agrees with Israel for more soldiers in Sinai
> Turkey wins Libananco case
> Iranian envoy downplays Erdogan's remarks
> Syrian opposition convenes in Istanbul, leader tells Assad to go
> Tawhid Brigade in Aleppo supports to al-Qusayr
> Turkish PM to visit Reyhanli hit by car bombs
> America's frogs and toads disappearing fast
> Zionists plan to colonize Palestine in 1899 NY Times
> Ankara eyes new partnerships in northern Iraq
> Egypt agrees with Israel for more soldiers in Sinai
> Turkey wins Libananco case
> Iranian envoy downplays Erdogan's remarks
> Syrian opposition convenes in Istanbul, leader tells Assad to go
> Tawhid Brigade in Aleppo supports to al-Qusayr
> Turkish PM to visit Reyhanli hit by car bombs
Most Popular News Today's
> WB proposes $150 mln loan to Jordan for refugees
> Germany takes bilateral paths to tackle EU jobs crisis
> Swiss seek to facilitate restitution of dictator loot
> UK, France to join resource transparency initiative
> GM recalls more than 27,000 Cadillac crossovers
> Ireland calls for global clampdown on aggressive tax planning
> EU leaders focus on Amazon, Google over tax policy
> Manipulation probe highlights oil firms' trading desks
> Apple paid no tax on $29.9 bln dividends
> South Stream pipeline is a reality, will be built -exec
> Germany takes bilateral paths to tackle EU jobs crisis
> Swiss seek to facilitate restitution of dictator loot
> UK, France to join resource transparency initiative
> GM recalls more than 27,000 Cadillac crossovers
> Ireland calls for global clampdown on aggressive tax planning
> EU leaders focus on Amazon, Google over tax policy
> Manipulation probe highlights oil firms' trading desks
> Apple paid no tax on $29.9 bln dividends
> South Stream pipeline is a reality, will be built -exec
In my opinion, if we want to understand Erdogan's words clearly, firstly, we should understand the parameters of Turkish foreign policy.
The draft law would allow Switzerland to freeze the assets of so-called politically exposed persons as a preventative measure and would set up a framework to confiscate and return assets to the countries
A non-Saudi, whose nationality and age were not given, died on Tuesday, the Health Ministry said on its website late on Wednesday
© 2006 Copyright.Designed by Networx e-media solutions Programming by Engin Demir
