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Image header Agence Europe
Europe Daily Bulletin No. 10862
Contents Publication in full By article 15 / 33
ECONOMY - FINANCE - BUSINESS / (ae) banking

ESM to have €50-70 billion for direct bank recapitalisation

Brussels, 07/06/2013 (Agence Europe) - After months of talks, the Eurogroup is expected to decide in Luxembourg on Thursday 20 June on guidelines for the direct recapitalisation of banks by the eurozone's permanent bailout fund (the European stability mechanism, ESM).

The ESM has lending capacity of €500 billion and may be allowed to earmark between €50 billion and €70 billion for direct bank bailouts, according to Reuters. As requested by a eurozone summit in June 2012, the money...

Contents

SECTORAL POLICIES
(AE) JHA: Council of Ministers unhappy about Europol-CEPOL merger plans
(AE) JHA: Budapest accuses Commission of taking sides
(AE) JHA: Better victim protection in the EU
(AE) JHA: Commission and Dublin do not want to revise free movement rules
(AE) JHA: Council concerned at foreign fighters in Syria
(AE) JHA: Agreement on Eurojust-Liechtenstein
(AE) ENERGY: Biofuels and ILUC blocked in Council
(AE) ENERGY: Technology and innovation for saving energy
(AE) TRANSPORT: Navigable waterways get Kallas' backing
(AE) REGIONS: EU-Starter to get a million young people into work
(AE) COHESION:
(AE) ENVIRONMENT: Agreement on banning heavy metals in batteries
(AE) SUGAR: General Court dismisses action by Tate & Lyle
ECONOMY - FINANCE - BUSINESS
(AE) UNITED STATES: EU wants mutual recognition of derivatives rules
(AE) BANKING: ESM to have €50-70 billion for direct bank recapitalisation
(AE) GREECE: Blame game continues over Greek bailout
(AE) STATISTICS: New ways of recording macroeconomic imbalances
(AE) BANKING: New forms of payment lead to social exclusion
(AE) COMPETITION: Petra Foods sells its Cocoa Ingredients Division
(AE) COMPETITION:
EXTERNAL ACTION
(AE) TURKEY: Füle says EU has no intention of abandoning accession process
(AE) SYRIA: €400 million promised by EU answers UN's call
(AE) SYRIA: Austria to withdraw troops from Golan
(AE) ISRAEL: Ambassador says EU should not focus only on settlements
(AE) AZERBAIJAN: EU concerned at new restrictions to freedom of expression
(AE) ACP-EU: 11th EDF is adopted with €31.5 billion for 2014-2020
(AE) ACP/EU: Somalia accession to Cotonou Agreement gets go-ahead
(AE) INDIA: Free trade negotiations still stuck
(AE) TRADE: WTO/Doha - filling up with petrol before the summer
(AE) ALGERIA: Algeria does not need money but does need EU expertise
(AE) MOROCCO: Agreement is signed on mobility with nine countries
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