The question of the banking union in the European Union has to be tackled now, German Finance Minister Olaf Scholz argued on Friday. “We have 2 or 3 years to negotiate and then 2 more years to formulate the legal text,” Scholz explained. Scholz refrained from commenting on Germany’s economic outlook and his remarks were largely ignored by the market participants. Ahead of the Markit Manufacturing and Services Purchasing Managers’ Index (PMI) data from the United States, the EUR/USD pair is posting small daily losses near 1.1050. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada: Retail Sales declined 0.1% in September as expected FX Street 3 years The question of the banking union in the European Union has to be tackled now, German Finance Minister Olaf Scholz argued on Friday. "We have 2 or 3 years to negotiate and then 2 more years to formulate the legal text," Scholz explained. Scholz refrained from commenting on Germany's economic outlook and his remarks were largely ignored by the market participants. Ahead of the Markit Manufacturing and Services Purchasing Managers' Index (PMI) data from the United States, the EUR/USD pair is posting small daily losses near 1.1050. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.