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EU Lawyers Warn Of Limits In Building Banking Union

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October 08, 2013 AT 9:39 AM
By Huw Jones and John O'Donnell LONDON/ BRUSSELS (Reuters) - Parts of Europe's proposals for a banking union may fall foul of European Union law, lawyers have said in a fresh setback to plans aimed at strengthening the financial system after the debt crisis. The opinion from the European Council's legal service is a blow to efforts to break the link between indebted European countries and their banks via the creation of a banking union that would jointly deal with stressed lenders. ...