German Chancelloropted for a discussion of European control over the major banks. On this subject, spoke on Monday night with European Commission President Jose Barroso.
- We will talk about how far the system, banks should be subject to specific scrutiny of European, so that national interests do not play a big role too - Merkel announced before the meeting with Barroso.
As she emphasized, strengthening fiscal discipline and fiscal pact EU "the first, but quite insufficient step."
According to Merkel, European Commission and other institutions should have powers of control. Otherwise, - said the Chancellor - the monetary union will not be able to function.
- The world wants to know how we imagine political union, which will complete monetary union. In the near future have to give an answer - she admitted.
Before the union bank
On Wednesday, the European Commission is to follow the idea of the so-called Union Bank, which is coordinated supervision and financing of decommissioning failing banks.
To peak in June, the European Council President Herman Van Rompuy is to prepare, in close cooperation with the head of the European Commission, Eurogroup chairman and president of the European Central Bank report on ways to strengthen the economic union of the euro area, including union of the cooperative bank deposit guarantee scheme.
The German newspaper "Handelsblatt" reported that the government in Berlin is preparing a document on ways to strengthen economic growth in the EU. Rated in it that should limit, the degree of interdependence, between the banking and financial sectors of individual countries. The German government also calls for an increase of 10 billion euros to the European Investment Bank.