ECB’S ASMUSSEN REJECTS SCHAEUBLE PROPOSAL FOR BANK UNION: WELT

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ECB’S ASMUSSEN REJECTS SCHAEUBLE PROPOSAL FOR BANK UNION: WELT
Russian Market‏@russian_market7 h
Schäuble criticizes ECB’s work and calls it “undercovered state-financing” – Spiegel
Russian Market‏@russian_market7 h
Germany expects further recession in Eurozone in the next months: “many important problems in Eurozone still not solved” – Bundesregierung

Schaeuble wants to phase in banking union in two steps while amending the EU Treaty, an arduous process. Apparently Asmussen wants it all in one bite, according to an article in Die Welt, the German daily.
http://www.fxbriefs.com/forex/fundamental-analysis/ecbs-asmussen-rejects-two-step-banking-union-proposal-by-schaeuble/
‘Germany will not accept Eurobonds’ – President of the Ifo Institute
In a harsh rebuttal to George Soros, the President of the Ifo Institute for Economic Research Hans-Werner Sinn accused the speculator of “playing with fire” and stated that “Germany will not accept Eurobonds” in spite of the pressure from the investing community.
Read more: http://english.ruvr.ru/2013_05_13/Germany-will-not-accept-Eurobonds-President-of-the-Ifo-Institute/
http://english.ruvr.ru/2013_05_13/Germany-will-not-accept-Eurobonds-President-of-the-Ifo-Institute/