Brussels, 06/06/2013 (Agence Europe) - On Wednesday 5 June 2013, the EU College of Commissioners agreed on a number of fundamentals for draft legislation to set up a eurozone bank restructuring mechanism (single resolution mechanism) to be presented by the European Commission ahead of the European Summit of 27 and 28 June (see EUROPE 10859).
What is needed is a central board at EU level, responsible for applying EU bank restructuring legislation, said a European source. The Commission is...