U.S. Fed's Dudley urges Europe banking union, warns on economy
NEW YORK, April 22
NEW YORK, April 22 (Reuters) - Establishing a pan-European banking union is a "critically important next step" to stabilizing that region's troubled economy, the influential head of the Federal Reserve Bank of New York said on Monday.
William Dudley, addressing a conference on transatlantic economic interdependence, said Europe's economic outlook "seems less bright," adding that support for fiscal and structural changes could further erode if economic growth does not "resume relatively soon."
- Malaysia says no evidence missing plane flew hours after losing contact |
- Missing jet may have strayed to west, Malaysia military says |
- NYC buildings explosion kills 6, others missing
- UPDATE 1-U.S. investigators suspect missing Malaysian plane flew for hours -WSJ
- White House tried to mediate dispute between Senate, CIA panel: source