Battling the Crisis Disunity Plagues EU Banking Union Talks

European leaders had hoped to quickly finalize plans for an EU banking union to regulate bank bailouts and provide a roadmap for unwinding insolvent financial institutions. But with the German election looming, Berlin is wary of moving forward. The result could be a lengthy delay.
German Finance Minister Wolfgang Schäuble and his Finnish counterpart Jutta Urpilainen discussing the European banking union on Tuesday in Brussels.

German Finance Minister Wolfgang Schäuble and his Finnish counterpart Jutta Urpilainen discussing the European banking union on Tuesday in Brussels.

Foto: GEORGES GOBET/ AFP