Brussels, 05/12/2013 (Agence Europe) - The member states are continuing with the lengthy process of negotiations to introduce a single resolution mechanism (SRM) for banks, and the Ecofin Council of Tuesday 10 December is not expected to reach agreement in principle on the matter.
A major negotiating point in this ultra-sensitive question is the option of a public backstop for the bank resolution fund that might be set up at EU level, which would have a budget of between €55 and €60...