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Europe Daily Bulletin No. 10941

12 October 2013
ECONOMY - FINANCE - BUSINESS / (ae) finance
Feirrera backs Commission line but wants a backstop

Brussels, 11/10/2013 (Agence Europe) - Portuguese MEP Elisa Feirrera (S&D) broadly endorses the European Commission's proposal to set up a single bank restructuring mechanism within Banking Union.

In her draft report to be discussed at an European Parliament committee on Monday, Feirrera gives the European Parliament and national parliaments a greater role, scrapping some of the European Commission's powers of initiative and stressing the need for a backstop that the common resolution fund...

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