Banking Union Agreement will Help Boost Growth by Stabilising Europe's Financial Institutions and Avoiding Burden on Taxpayer

A hard-fought Banking Union agreement reached between the European Parliament, Council and the Commission will place the burden of failing banks on investors and not the taxpayer. With ECB supervision, banks will become more stable and encourage more investment to create jobs, says Corien Wortmann-Kool MEP, a Member of Parliament's Economic and Monetary Affairs Committee. Available material includes an edited package.