Govt bond holdings obstacle to EU banking union, Jefferies says. For German & French banks, hold via @HolgerZschaepitz

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Govt bond holdings obstacle to EU banking union, Jefferies says. For German & French banks, holdings account for <3.5% of assets, while for IT & PT banks figure >12%. Any proposals that will disproportionally affect one country’s banks over another will be contentious from start. h/t Holger Zschaepitz

Govt bond holdings obstacle to EU banking union, Jefferies says. For German & French banks, hold via @HolgerZschaepitz

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