Bloomberg News

German Ministry Wants ECB to Supervise Bank Operations,FAZ Says

July 06, 2012

Germany’s Economic Ministry wants the European Central Bank to supervise operations of banks and the European Stability Mechanism to oversee licensing, closures and restructuring of banks, Frankfurter Allgemeine Zeitung reports today, citing an internal ministry document.

To contact the reporter on this story: Allison Connolly in Frankfurt at aconnolly4@bloomberg.net.

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net.


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