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Europe Daily Bulletin No. 10079

17 February 2010
GENERAL NEWS / (eu) eu/ecofin council
European response to US proposals on structure of banking sector does not appear very enthusiastic

Brussels, 16/02/2010 (Agence Europe) - On Tuesday 16 February, European finance ministers discussed the recent proposals made by the US president, Barack Obama, regarding changes to the structure of credit bodies and the introduction of a banking tax aimed at making the industry pay some of the costs linked to bailing out the financial system. They gave a rather cool response to the idea of limiting the size of banks of systemic importance (too big to fail institutions), and of preventing...

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