More European Dis-Union: Finland Rejects Pooled Funds Required For 'Banking Union'

Tyler Durden's picture

While ever so politically correct in their response and positive about the need to protect an ailing banking system, the Finns have said 'ei' - which means 'no' - to the pooling of funds.

Finland considers that the proposed directive is called for but does not support any national funding arrangements would be required to borrow funds for national funding arrangements in other member countries.

Posturing? maybe. Negotiating? perhaps. An unequivocal show of support for the kind of progress we all hoped was being made in Europe - not a single bit.