EU Commission President Jose Manuel Barroso has defended plans to make all 6000 banks of the euro area under a new European banking supervision. "It will be a supervision for all banks," Barroso told the European Parliament in Strasbourg in a speech on the State of the Union. The crisis showed that there could be risks to the financial system not only in the so-called system-critical banks.

Barroso presented the plans the European Commission on a uniform European banking supervision in the euro area in his speech, which should be located at the European Central Bank. "To create this European supervision, is the very top priority", said the Portuguese. Because the crisis had also shown that although banks borders are, but not the supervisory authorities. Further steps on the way to a European Banking Union were a common deposit guarantee, as well as rules for the handling of bust banks.

The new control authority for the banks of the euro area to the plans according to the EU Commission from the beginning of next year their work record and then gradually take over the supervision of all 6000 banks in the euro area. According to Summit decision of June also an "effective" uniform banking supervision is the prerequisite that the future euro Rescue Fund ESM can provide banks in the future directly with financial injections - hope particularly crisis countries, such as Spain.

The competent European Commissioner Michel Barnier discusses the details of the Commission's plans for banking supervision in the afternoon in Strasbourg. Federal Finance Minister Wolfgang Schäuble (CDU) criticized already the project, under the control of the new supervision to all banks, instead of only the largest banks in the euro area in the past few weeks. He also believes it is "unrealistic" that the new supervision can take their work in January.

The ECB welcomed the creation of a single European banking supervision with their participation. The creation of such supervision is "an important step, to lay the foundations for a financial Union, with a view to ensuring financial stability in the euro area and the EU", said the ECB in Frankfurt am Main.