Merkel dodges Draghi call for clarity with bank union swerve

Delicate balancing act between them as they try to consolidate recent years' economic gains


EUROPEAN Central Bank (ECB) president Mario Draghi pushed European Union leaders for clarity on the future of the euro this week. But Germany still chose to skirt a critical area of disagreement with its partners.

During a closed-door session in Brussels on Thursday, Mr Draghi told EU leaders that the most important thing they could do would be to set out a clear path forward for the monetary union, according to two officials familiar with the deliberations.

When Portugal later called for a specific commitment to discuss banking union at an upcoming summit in June, German Chancellor Angela Merkel said such language wasn't warranted, the officials said, asking not to be named because the...

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