Brussels, 15/11/2013 (Agence Europe) - On Friday 15 November, the Ecofin Council issued a statement on backstops and the current analysis of Europe's banks.
The statement lays down the order in which any bank recapitalisation required should take place if the current analysis of bank assets by the European Central Bank with the aid of the European Banking Authority (EBA) were to reveal capital shortfalls in European banks in the autumn of 2014.
The statement says that member states should...