By I. Valdessera
Despite the absence of Germany’s minister, the ECOFIN Committee, managed to reach a consensus concerning the working paper. After a strong debate process, each minister presented their proposals for the implementation of banking structural reforms and the Banking Union as a whole. A draft conclusion of 27 clauses was given to the Board. The previous crisis, with the German minister of finance, seemed to be ‘’ inspiring’’ as Lithuania posed; ‘’no soft and core countries exist in the EU, we are all equal’’. Most of the fellow ministers, agreed with Lithuania’s opinion, talking about the unity that the previous crisis brought amongst the Council’s members. Hence, it was obvious that only a united Europe can manage whichever crisis occurs. Nonetheless, regarding the proposals for common fiscal policy in the framework of the Banking Union, Slovakia posed that ‘’ it isn’t the right time for such initiatives; ‘’we consider it as a future perspective’’. Thus, it is clear that the current consensus, might be characterized as dubious, since disagreements are still posed, concerning essential issues of the Banking Union. The days are passing and a consensus – with the permission of Germany- seems to concern most of the ministers.
