Madrid Spain will seek to dismiss Catalan president, Rajoy says

Puigdemont and his regional administration will be removed from office once the Senate approves the government’s plan as soon as this week and Spanish government ministers will take over the management of the Catalan administration, Rajoy said. More

Risk-sharing Europe takes a backward step on banking union

The Commission has long seen a joint guarantee on deposits up to €100,000 as the missing third pillar of the banking union.

As part of its plan to complete the euro zone's so-called banking union, the European Commission has presented a new proposal for collectively insuring bank deposits. Such a scheme is badly needed -- but the new idea falls short. More