Brussels, 06/05/2014 (Agence Europe) - On Monday 5 May, the Eurogroup laid down a number of criteria for direct bank recapitalisation from the European stability mechanism (ESM) from 2015 onwards, once the outcomes of the bank stress test and Asset Quality Review are known in October.
“We made very good progress today. I put on the table a final proposal which was broadly supported and will allow ministers to seek where necessary a parliamentary mandate with a view to a political decision...