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Banking union better than ESM - Meloni

Court of first and second instance says PM after Donohoe's call

Redazione Ansa

(ANSA) - ROME, MAR 24 - European banking union is a better tool for coping with crises than the European Stability Mechanism (ESM), Premier Giorgia Meloni replied to Eurogroup Chair Paschal Donohoe after the EU summit Friday.
    "We discussed banking union and as a backstop the ESM is a sort of supreme court, while baking union would be the courts of first and second instance," she told reporters after Donohoe again urged Italy to ratify ESM reform. (ANSA).
   

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