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...