Barkel Press Conference Begins... And Ends

Tyler Durden's picture

The much anticipated press conference between Merkel and Barroso, hence Barkel, in which nothing of any substance will be announced, has begun. Rolling headlines as we get them:

  • MERKEL SAYS WE NEED MORE EUROPE, NOT LESS IN EURO-ZONE (sounds familiar)
  • MERKEL SAYS WILL DISCUSS EUROPEAN SUPERVISIONS OF BANKS AT EU SUMMIT, BANKING SUPERVISION IS A MID-TERM GOAL
  • BARROSO SAYS WILL PUSH FOR BANKING UNION AT THE COMING SUMMIT
  • MERKEL SAYS EU NEEDS ANSWERS SOON ON POLITICAL UNION
  • MERKEL SAYS DISCUSSING EU BANKING SUPERVISION WITH BARROSO
  • BARROSO SAYS EU SHOULD DISCUSS ELEMENTS OF 'BANKING UNION' -> we agree to hold another conference at a future time

And... that's it folks. Proceed to the egress.