EUROPE is publishing a draft intergovernmental agreement (IGA), dated 21 February, which the 18 countries of the eurozone are negotiating in the presence of the other member states. Imposed by Germany on the Council of the EU but currently rejected by the European Parliament, this agreement will legally provide the single bank resolution fund (SRF). The SRF will be allocated €55 billion in the long term through contributions from the industry, and will be able to contribute to financing...