Merkel: EU leaders agree to present banking union proposal by Dec summit

Reuters  |  BRUSSELS 

(Reuters) - German said on Thursday that the leaders of countries had agreed during a summit in to move forward with the union and a deposit guarantee.

"Everyone is determined to put a package on the table by the December summit that describes the union of the future and also says something about the roadmap - i.e. the way to a deposit guarantee and describes progress on the capital markets union," Merkel told a conference in

She said the leaders had agreed that it was now time to further develop and stabilise the euro zone in view of risks such as those emanating from the trade conflict.

(Reporting by Noah Barkin; Writing by Michelle Martin, editing by Thomas Escritt)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 18 2018. 20:03 IST