As the UK prepares to vote on leaving the European Union, six of the bloc’s new eastern members face a different dilemma: whether or not to deepen ties with their eurozone neighbours by signing up to banking union.
It is a question that has been hotly debated ever since the concept of banking union was first floated at the height of the euro-area crisis in 2012. At stake for countries such as Poland, Hungary and Romania is loss of regulatory control over their own banking sectors.
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