Tomorrow, the European Commission will present a proposal for the creation of a new banking supervision system in the euro zone.
This is the beginning of the so-called banking union which is meant to protect the currency union against economic turmoil.
However, a growing number of observers are pointing to the dangers the solution carries, especially for countries like Poland, which is not a a euro zone member. Under the union's rules, countries from the euro zone will have no choice but, starting from next year, to comply with the decisions of the European Central Bank in Frankfurt, with their national supervisory bodies losing much of the control they have over their domestic banking sector.
Poland can still decide whether to join the union or not.
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