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Image header Agence Europe
Europe Daily Bulletin No. 11006
ECONOMY - FINANCE - BUSINESS / (ae) banking

Direct bank recapitalisation details to be settled by March

Brussels, 28/01/2014 (Agence Europe) - The Eurogroup is hoping to finalise by the end of February the details of how the European stability mechanism (ESM) will directly recapitalise failing banks.

“In the next meetings, we will seek to finalise the operational framework for the ESM direct recapitalisation instrument, on which we already reached an agreement on the main features last June”, said the head of Eurogroup, Jeroen Dijsselbloem, on Monday 27 January. French Economy Minister...

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