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Image header Agence Europe
Europe Daily Bulletin No. 10886
ECONOMY - FINANCE - BUSINESS / (ae) banking

EP criticises German legalism on bank resolution question

Brussels, 11/07/2013 (Agence Europe) - The European Parliament is determined to ensure that the European Commission's proposal to establish a common bank resolution mechanism is not watered down (see EUROPE 10885) and criticises Germany's legal nit-picking that the Commission is exceeding the powers granted to it by the EU treaties.

“I am happy with this courageous proposal from European Commissioner Michel Barnier”, said Jean-Paul Gauzès (EPP, France), adding: “A single mechanism...

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