EU president Van Rompuy to unveil banking union plan

A banking union would be the first step in a long-term roadmap to political union that he will outline to EU leaders, with dates and institutional problems such as treaty change set out by year's end. "Banking union is a fundamental element," he told German paper Welt am Sonntag, in an interview published on Sunday. "I think we can move forward there more quickly than in other areas." The success of his plan depends on whether EU leaders can overcome opposition to increasing the role of the European Central Bank. The ECB and Germany...