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Image header Agence Europe
Europe Daily Bulletin No. 11009
ECONOMY - FINANCE - BUSINESS / (ae) banking

EP raises pressure on the member states over bank resolution

Brussels, 31/01/2014 (Agence Europe) - On Thursday 6 February, the European Parliament (EP) is expected to endorse the view of its economic and monetary affairs committee on the draft regulation to introduce a single bank resolution mechanism (ESM) as part of banking union.

The vote will not legally mark the end of the European Parliament's first reading of the draft legislation, but seeks to increase pressure on the member states by showing that the EP as a whole backs its representatives...

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