Germany sparks row over bank watchdog

Bundesbank president Ernst Welteke said Tuesday that Germany rather than London should house the new supervisory regulator for banking in Frankfurt because of the proximity to the ECB and because "It is not certain Great Britain will ever join the eurozone".

Source: The Independent

Britain will lose out to Germany in its bid to host a new European banking watchdog because of its failure to join the euro, says a senior EU official.

Ernst Welteke, the head of the German central bank, yesterday sai