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Monday, May 20, 2013 | 1:42 a.m.

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Rift Threatens Europe's Banking Union

A banking union - one of Europe's boldest reforms yet - but all eyes are on the divisions threatening to undermine it. EU finance ministers once again failed to finalise plans to give the ECB control of all European banks. The principle's not the problem, but how it's structured is. Sweden's one country kicking up a fight. As a non euro zone member, finance minister Anders Borg fears it's at a disadvantage.
 

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