Italy and France in favor of the union European Banking

Italy and France, through the Prime Minister and the President Hollande Letta, require the institution of marriage European Banking Authority, as an essential tool for supporting economic growth. Common intention of Paris and Rome, Europe must be central, as coordinator of the recovery, through a unitary action of credit management, able to direct development. If, at first glance, this could become suspicious skeptics, especially those who see the EU as a hostage in Germany, which could perhaps obtain even greater power, the measure advocated by Hollande and Letta, seems rather try undermine the German supremacy, thanks for the greater sharing decision-making power of the European financial market. Moreover both leaders stressed that the Europe Agreements have already been signed, through these arrangements provide the implementation banking union, stressing the urgency of the application of measures to improve the social condition of families and the ability of businesses to produce income. This view is split so expansive an opening, which is apparent in clear contrast with the broad rigor undertaken so far by Chancellor Merkel. The one that Italy and France are implementing a strategy of encirclement that aims to reduce ferre rules in force concerning the financial statements, which have had an effect of sterile fiscal consolidation, reducing consumption, impoverishing people and blocking of indirect revenue states, which are settling down well below forecasts. The goal of reviving the economy of the euro zone is to reach an agreement within the next European Council in June, to provide clear signs in order to support growth through the coordination of economic policies and the achievement of banking. The two politicians have also made it clear that this address, that the European Council will have to force things, hire, shall in no way be alternative criteria for fiscal stability. With this message you are hoping to reassure the markets and the countries of northern Europe, which are appended to Germany in the sharing of setting financial rigor.