Sweden joins opposition to European banking union

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The Swedish government has said that it is "critical" of proposals set out by the European Union (EU) to create a European banking union, and will not accept them in their current form.

The proposals, originally published by the European Commission on June 6, include plans for Europe-wide supervision of banks, powers for early intervention if a bank's capital falls below required levels, and a joint fund for bank resolution.

A spokesman for the Swedish government told CentralBanking.com that "we

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