EU will create the uniform bank union

EU will create the uniform bank union


Heads of the states of the European Union (EU) at the summit in Brussels have agreed to create on December, 14th, 2012 gradually the bank union which urged to provide supervision of activity of credit institutions of uniform Europe, and also to create institutes of insurance of bank risks. Fund creation on closing of problem banks and the high-grade scheme of protection of contributions on all euro area Besides, is supposed. For the EU countries with own currency participation in these actions will be voluntary.



Supervision will be carried out by the European Central bank, truth, meanwhile not behind all credit organizations of EU, which more than 6000, but only for 150 largest of them.

«The purpose of the Bank union - to break off a vicious circle between problems of banks and the tax money, which states used until recently for their decision», - the chairman of EU, Herman Van Rompej has underlined.

As a matter of fact, a number of decisions accepted in Brussels направленно on preservation of euro of a zone as recently EU has faced crisis of sovereign debts in a number of the countries-participants, first of all, in Greece. Among "the problem" countries in the market also name Spain, Italy, Ireland and Portugal.


After formation of the bank union regional banks will have an opportunity to receive the help from Fund of financial stability of the Euro area directly, instead of through intermediary of the governments of own countries that in itself won't influence level of the state debt loading which is traditional last years causes anxiety in investors and rating agencies.

Creation of system of a direct recapitalization of banks which also can provide carrying out of partial or full bankruptcies of problem banks without risks of occurrence of "domino effect" in all European financial system becomes the second step of building of the Bank union.

«We on way of the decision of problems which have paralysed for a long time an euro area and did its vulnerable», – the president of France François Olland has told to journalists, making comments on the made decisions.

Undoubtedly, creation of the Bank union of EU (which should be finished by March, 2014) is a serious step on a way of strengthening of an euro area which will promote closer integration of the European Union countries.

For Armenia financial stability of the European Union is extremely important, as commercial contracts with the EU countries more and more consist, presence of the European capital in territory РА is appreciable, and the stable euro exchange rate in relation to a drama is regarded as a positive. The dollar that all time skips.