Lithuanian governor says banking union does not require treaty change


Vitas Vasiliauskas, the governor of the Bank of Lithuania, has dismissed concerns over Europe's attempts to introduce banking union, saying he believes compromise can be reached on all three main elements without changes to the European Union's (EU) treaties.

Lithuania is due to take over presidency of the Council of the EU from Ireland on July 1, and has said making progress towards the banking union's single supervisory mechanism (SSM), single resolution mechanism (SRM) and common deposit

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