Barner was intending to present his proposals in November, but the European Parliament (pictured) is due to adjourn in mid-April, with elections taking place between 22 and 25 May. The proposals also need the approval of national governments. He said in an emailed statement that the aim was for the newly-elected parliament “to reach final agreement later in 2014”. The new parliament will formally convene in July but new Commissioners will be appointed in November.
The UK is pressing ahead with its own ring-fencing proposals, while Germany, France and Belgium are all working on their own “firewall” plans.
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Photo © European Union 2013 - European Parliament