Merkel insists EU bank resolution body needs treaty change

Newswire

BRUSSELS, June 28 (Reuters) - German Chancellor Angela Merkel insisted on Friday that a single European authority to deal with failed banks would require a change in the European Union's treaty, raising an obstacle to the planned next step towards EU banking union. European Commission President Jose Manuel Barroso said the EU executive will issue proposals for such a banking resolution mechanism in the next two weeks. EU officials dispute the need to amend the treaty, but ...

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