World financial leaders urged the European Union on Friday to quickly complete its banking union to help growth, but Germany stood firm that the next step toward such a union be through a lengthy and risky process - a change of EU law
http://www.reuters.com/article/2013/04/19/g20-eu-banks-idUSL2N0D62H420130419

Most EU bank union work can be done without law change: Eurogroup head

The euro zone's top project to boost economic growth - banking union - will not be delayed for now by a row over whether it needs EU law changed because most of the work can be done before this is settled, a senior euro zone official said on Saturday.
http://www.reuters.com/article/2013/04/20/us-eu-bankingunion-dijsselbloem-idUSBRE93J0F720130420

Dijsselbloem: EU Bank Resolution Agency May Need Treaty

The European Union may need to enact treaty changes to create a new institution to shut down failing banks, Dutch Finance Minister Jeroen Dijsselbloem said.
The EU can pursue most of its banking-union strategy under existing treaties, Dijsselbloem, who chairs the so-called Eurogroup of euro-area finance ministers, told reporters in Washington today.
“I know that we can push forward at least 80, 90 percent of the project, and the final decision on having a singular resolution authority may need to make a treaty change,” Dijsselbloem said.
http://www.businessweek.com/news/2013-04-20/dijsselbloem-eu-bank-resolution-agency-may-need-treaty
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