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Influential US banker urges EU banking union
1TrueNorth
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William Dudley head of the New York Federal Bank has urged the EU to adopt a banking union in order to sort out europes economuc woes and boost transatlantic trade and prosperity. He was speaking at a confrence on transatlantic economic independence. http://reuters.com/article/2013/04/22/usa-fed-dudley-europe-idUSL2N0D90PE20130422
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You can the the US point of view, deal with one bank instead of many and remove the never-ending uncertainties about individual nations.
A banker talks mince and we are supposed to follow his advice, morons like him are the reason why we are in this mess, a word of wisdom mate, there will never ever ever be a US of E or a banking union no matter how much you EU funded hacks obsess about it, the EU will fragment eventually