Economy ECB’s De Guindos says banking union pivotal for euro zone

ECB’s De Guindos says banking union pivotal for euro zone

Image result for The European Central Bank’s vice-president Luis de Guindos
European Central Bank’s vice-president Luis de Guindos

The European Central Bank’s vice-president Luis de Guindos said on Monday that “completing the banking union is pivotal” for the performance of the euro zone.

Speaking at the same conference in Athens, Greek central bank governor Yannis Stournaras also warned that the single-currency bloc needs a banking union to shield itself from another crisis in the future.

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