Eurozone has come far, but strong banking union still needed, Draghi tells MEPs

Eurozone has come far, but strong banking union still needed, Draghi tells MEPs

Failing banks still need a “strong and swift” EU decision-making system, and the European Central Bank Supervisor alone should decide when they are in danger of becoming unviable, ECB President Mario Draghi told the Economic and Monetary Affairs Committee on Monday. The EU economy is now a “half full glass”, but it is “still too early to claim ‘mission accomplished’”, he added.