Brussels: Banking union falls short of EU goal, Ireland ‘unfai...

To view this email as a webpage, click here     Friday December 20 2013     European Union News   Banking union falls short of EU goal   As EU leaders finalise a 'banking union' many worry they have fallen far short, leaving governments and investors newly on the hook for failures       Ireland 'unfairly treated' over bondholders   The IMF's Ajay Chopra says that burdening Irish taxpayers with having to support bust banks while paying back senior bondholders was unfair     North and south must reform together   The differences between the economic and fiscal concepts of the two parts of the continent are far narrower than we think     ECB fails to draw female job applicants   Despite the confirmation of Daniele Nouy as head of the Single Supervisory Mechanism the ECB has failed to meet its own quota for senior female staff     Banking union is a sham that solves nothing   Never mind the fanfare for progress on a package that is at best a distraction from more pressing issues confronting the eurozone     EU launches trade dispute against Brazil   Brussels requests formal consultations in WTO over Brazil's alleged protectionist taxes levied on cars and other imports such as smartphones     EU banking union: progress of sorts   Another late-night compromise, another fudge, but progress of sorts. But the new system is far from ideal     EU agrees overhaul to settlement rules   Europe agrees regulations tightening the oversight of the region's 30 central securities depositories, which will also face higher capital surcharges     European banking union is a disappointment   The separation between banking and sovereign risk – which was the main goal of the union – has not been achieved               Manage email    Forward this email   Feedback    Manage portfolio Subscribe to the FT Follow the FT   Unsubscribe | My Account | RSS | Privacy Policy | About Us | Help   © THE FINANCIAL TIMES LTD 2013 You have received this email because you have signed up from the NBE preference page. This email was sent by a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723.