Summit Customs Brokers

Basel Committee on Banking and Europe’s Bank System

The body responsible for making legislative proposals to the EU decision making authorities, the Basel Committee on Banking Supervision, has recently warned political leaders that a stronger banking system needs to be established in the EU. Following the crisis in Greece, the continent might suffer even larger consequences because of the interconnectedness of banks in the region and especially those concerned with extensive Euro trade. The debt crisis is worsening which implies the need for new considerations of the Committee.

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