Brussels, 15/10/2013 (Agence Europe) - Divisions between eurozone nations in favour of intervention by the European Stability Mechanism (ESM) to bail out failing banks and those opposed to the idea arose on Monday 14 October at the meeting of Eurogroup, against the backdrop of the fact that the bank assessments to be carried out in 2014 by the ECB and the European Banking Authority (EBA) may well reveal capital shortfalls.
One thing is certain - the ESM will intervene as a last resort to...