After the leaked recording of a conservation at this Irish bank, it's no wonder Germany's wary of a banking union. Top executives can be heard joking about a bailout, mocking the EU's paymaster for taking the bait. Germany fears an EU-wide banking union will mean more of the same - on the hook of other countries' debt. But the pressure to reach an agreement is growing fast. EU finance ministers failed to hammer out a deal in Luxembourg last week.moreless
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