The member states baulked at taking on debts contracted by banks registered in other member states and will not agree to share more information about non-performing loans (NPL) if they are convinced that the rules in place force them to endorse errors from the past or if the rules encourage excessive risk-taking due to the implicit guarantee that they would always be bailed out in extreme situations, leading to situations described as 'moral hazards.'
This was the feeling shared with this...