Economy & Finance

German government, central bank urge EU treaty changes for banking union

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WASHINGTON (Reuters) – German Finance Minister Wolfgang Schaeuble and the head of the Bundesbank Jens Weidmann both said on Friday that the European Union should move ahead with treaty changes they believe are needed to create a banking union for the euro zone.

Schaeuble said at a joint news conference with Weidmann in Washington during talks of international finance officials that Germany was ready for treaty changes “as quickly as possible”.

(Reporting by Gernot Heller- Writing by Stephen Brown, Editing by Gareth Jones)

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