Europe’s Top Banker Urges New Union
ECB President Mario Draghi called for “a banking union,” entailing a euro-zone-level fund for resolving failed banks, a deposit guarantee scheme, and more centralized banking-sector supervision.
Spain Needs New Bankia Rescue Plan
Spanish Finance Minister Luis de Guindos was in a session of Spanish parliament Thursday as pressure grew on the government to come up with €19 billion to rescue Bankia SA, the stricken Spanish bank.













