EU Friday – 22 May
Welcome to Better Europe's weekly update on EU Affairs. THE BIG BOYS CLUB: FROM G7 TO E6 So as we reported previously, the leaders of the world's seven largest economies will meet in June in Évian. But first, finance ministers from the EU's six largest economies are having their own summit in Berlin, next week. The topics on the agenda include ongoing EU legislative initiatives, such as the integration of financial supervision as part of the Savings and Investment Union, leaving smaller member states with a significant financial sector, such as Luxembourg and Ireland, out of the discussions. In addition, even if the central supervision proposal is nowhere as ambitious as what happened in the banking sector with the the European Central Bank supervising the 130+ largest banks for well…
