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Europe Daily Bulletin No. 10696

26 September 2012
ECONOMY - FINANCES / (ae) euro
Three 'triple A' countries publish bank bailout paper

Brussels, 25/09/2012 (Agence Europe) - On Tuesday 25 September, the finance ministers of Germany, the Netherlands and Finland set out what they feel should be guidelines for direct bank bailouts from the European Stability Mechanism (ESM) after a meeting of the three politicians in Helsinki. In a joint statement, they explain the guidelines as follows: - a common bank supervisory mechanism under the aegis of the European Central Bank should be set up and its effectiveness proven; - an ESM...

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