Brussels, 19/09/2013 (Agence Europe) - The Council of the EU's legal experts say that as suggested by the European Commission, Article 114 (concerning the single market) of the EU Treaty is, under certain conditions, the right legal basis for the single bank resolution mechanism (SRM).
The experts issued their opinion on Wednesday 11 September, two days before the ECOFIN Council in Vilnius (see EUROPE 10922). It raises the following questions: - Is Article 114 the right legal basis for...