April 16, 2018 / 5:25 PM / 4 days ago

German finmin: We must move from talking about banking union to acting

BERLIN, April 16 (Reuters) - German Finance Minister Olaf Scholz said on Monday it was necessary for the euro zone to stop talking about a banking union and start actually doing something about it.

Euro zone member states are discussing deeper integration of their economies, focusing on a banking union and the transformation of the European Stability Mechanism bailout fund into a European Monetary Fund. (Reporting by Gernot Heller Writing by Michelle Martin Editing by Matthew Mpoke Bigg)

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