'Banking Union' Is a Flawed Strategy

2:00 AM ET Thu, 14 June 2012

"People are talking at the moment about a banking union, and how that¿s going to be essential, but it's a flawed strategy," Gemma Godfrey, head of investment strategy at Brooks MacDonald, told CNBC. "We are hearing positive movement, but it's yet to be carried out correctly," she added.