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Europe Daily Bulletin No. 10870

20 June 2013
ECONOMY - FINANCE - BUSINESS / (ae) eurogroup
Agreement on direct bank recapitalisation expected

Brussels, 19/06/2013 (Agence Europe) - The finance ministers of the eurozone will be called upon, in Luxembourg this Thursday 20 June, to lay down the joint principles which will guide the option for the European Stability Mechanism (ESM) directly to recapitalise banks once the single European supervisor, under the aegis of the ECB, is in place in autumn 2014.

The aim is to honour the commitment of the eurozone summit of June 2012 which, in addition to banking union, decided to break the...

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INSTITUTIONAL
EUROPEAN COUNCIL
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
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