Brussels, 03/05/2013 (Agence Europe) - Most European countries oppose the idea of national bank restructuring funds being used to bail out failing banks. This emerged on Tuesday 2 May during debate about the draft directive to harmonise national bank restructuring systems. The Ecofin Council on Tuesday 14 May will discuss the matter, but agreement among the member states is not expected until June.
This position corresponds to the approach taken by the Irish Presidency of the EU Council of...