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Italian economy minister says EU banking union can't fail

Other priorities jobs, growth and deeper economic union

Italian economy minister says EU banking union can't fail

Brussels, July 9 - Italian Economy Minister Fabrizio Saccomanni on Tuesday declared that European banking union ''absolutely can not fail,'' while speaking at the Ecofin summit of European Union economy and finance ministers in Brussels. ''It must move forward. It is a project that we absolutely can not let fail because the world is watching us,'' Saccomani said. The minister explained that the union is ''a response to the fragmentation of the financial markets''. Saccomanni also underlined the importance of carrying forward ''policies for growth and employment'' and to ''deepen economic and monetary union''. (photo: Italian Economy Minister Fabrizio Saccomanni)

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