We Hope to Make Progress on Banking Union Today, Says Dombrovskis

The transcript discusses the progress and challenges of the EU's banking union, emphasizing the need for a complete banking union and capital markets union. It highlights the ongoing negotiations with Italy regarding their budget targets, focusing on the need for substantial corrections to meet EU fiscal rules. The dialogue between the EU and Italy is described as constructive, with potential compromises on budget deficits being explored.

What are the expected outcomes of the Eurogroup meeting mentioned in the text?

What does the text suggest about the relationship between the banking union and the free movement of capital within the EU?

What are the implications of the excessive deficit procedure mentioned in the text?