Progress on Banking Union still elusive despite banking package deal

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Progress on Banking Union still elusive despite banking package deal

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European flags in front of headquarters of European commission in Brussels in summer day | Figurniy Sergey/Sergii Figurnyi - stock.adobe.com

EU member states agreed on a wide-ranging banking package last Friday, aimed at reducing risk in the European banking sector, but Brussels sources are divided as to whether the new measures are enough to swiftly complete the Banking Union.

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