Euro-zone agrees on banking reform, another step towards banking union

Thursday, December 19th 2013 - 05:41 UTC

Full article 4 comments

Euro-zone finance ministers have agreed on a long-awaited pact on how to deal with failing banks in the region. It aims to create a 55bn euro fund - financed by the banking industry, over the next 10 years. The fund would be backed by a new agency, which will decide on how to deal with failing banks. Read full article

Comments

Disclaimer & comment rules

ChrisR
“If we continue... on the path toward banking union then we will be able to continue the stabilization of the European currency as the basis for a return to stable growth in Europe,” said Mr Schaeuble.

Mmmm. Does anybody believe this? Banks helping banks out? The EU auditing banks when they cannot audit themselves?

Of course you can dear.
Dec 19th, 2013 - 03:25 pm - Link - Report abuse 0
-+
Vestige
Currently 17 nations, these measures will surely bring in other EU countries when they're ready.
Funny to look back on those who said it would fail.
Cyprus, contagion, banking crisis, arrrhhh.
Dec 19th, 2013 - 04:03 pm - Link - Report abuse 0
-+
Fido Dido
conclusion: More power to Germany.
Dec 19th, 2013 - 10:52 pm - Link - Report abuse 0
-+
toooldtodieyoung
Get us out........................NOW!!!!!

Consign the EU or FU or whatever the hell it is called, to the scrap heap and get us out of Europe!!!
Dec 19th, 2013 - 11:50 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!