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German election puts Europe's ambitions on ice

BRUSSELS (Reuters) - For the best part of a year, the minds of European policymakers have focused on one overriding issue - banking union.Full story

News Summary: EU to set who pays when banks fail

DEBATING INTO THE NIGHT: The 27 European Union finance ministers are seeking an agreement on how best to shrink or close ailing banks without spreading panic or having to call on taxpayers for bailouts. Full story

ECB's Asmussen sees banking union complete by summer 2014

BERLIN (Reuters) - European Central Bank Executive Board member Joerg Asmussen said on Friday that he believed a single European banking supervisor could be in place by next summer. Full story

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Spain, Portugal push for full banking union as Germany finds hurdles

European banking union? Don't hold your breath

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Steinbrueck, Social Demrocratic top candidate for the 2013 German general election speaks during Bundestag debate about European banking union in Berlin
Steinbrueck, Social Demrocratic top candidate for the 2013 German general election speaks during Bundestag debate about European banking union in Berlin

Peer Steinbrueck, Social Demrocratic top candidate for the 2013 German general election speaks during a debate about the European banking union in the lower house of parliament, the Bundestag, in Berlin, January 17, 2013. REUTERS/Thomas Peter