Brussels, 14/05/2013 (Agence Europe) - The first ministerial debate on a directive to harmonise national bank resolution schemes, at the ECOFIN Council on Tuesday 14 May, gave an idea of the debates ahead in order to reach agreement in principle at the ECOFIN Council next month.
As EU Internal Market Commissioner Michel Barnier explained, the main aim of the draft directive is to put an end to the assumption that countries always bail out banks. In the future, bail-in (raiding savings and...