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BANKINGItaly Opposes German Proposal For EU Banking Union

A German proposal for the EU’s banking union is being opposed by Italy, which said it would impact banks’ ability to compete, according to a report by The Financial Times.

European banks are trying to work out the particulars of an ambitious integration project, but at a meeting of finance ministers in Brussels, Italian Minister of Economy and Finances Roberto Gualtieri said Italy disagrees with a significant facet of Germany’s proposal. Source Pymnts

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