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Europe Daily Bulletin No. 11104

20 June 2014
ECONOMY - FINANCE - BUSINESS / (ae) eurozone
Resistance to retroactive direct bank recapitalisation

Luxembourg, 19/06/2014 (Agence Europe) - “The possiblity of retroactive direct bank recapitalisation has been left open. It is techncially possible once parliamtenry procedures have endorsed it, but politically difficult. Given the size of the European Stablity Mechanism, there's a cap constraint on what we can do (Ed: €60 billion). We will need to complete the parliamentary procedure and then see what to do when there is any realistic request for this from the member states”, said the...

Contents

ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
SOCIAL AFFAIRS - EDUCATION
INSTITUTIONAL
COURT OF JUSTICE OF THE EU
EXTERNAL ACTION