Lagarde: European Banking Union 'an absolute necessity'
A European Banking Union is "an absolute necessity", says Christine Lagarde, head of the International Monetary Fund.
She told BBC HARDtalk's Stephen Sackur that Cyprus was probably the most difficult recent bailout - and hoped it would finally convince eurozone members of the need for banking union.
You can watch the full interview on BBC World News on Monday 22 April at 14:30 and 20:30 GMT and on the BBC News Channel on Tuesday 23 April at 00:30 BST.
22 Apr 2013