Bloomberg News

SNB’s Jordan Sees Bank Union as Aiding Euro, Handelsblatt Says

July 03, 2012

A banking union in which euro-area countries jointly provide capital to financial institutions would help stem the debt crisis, Handelsblatt quoted Swiss National Bank President Thomas Jordan as saying in an interview.

A banking union would weaken the link between banks and national governments and is the quickest way to deepen integration in the European Union, the German newspaper cited Jordan as saying in comments published today.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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