Upon his arrival in Brussels on Monday 10 June, the German finance minister, Wolfgang Schäuble, called for increased harmonisation of the national insolvency regimes – a subject on the agenda of the meeting of the Eurogroup and of the 'Economic and Monetary Affairs' Council of 11 July.
Referring to the recent bank bailout operations in Spain and Italy, he expressed regret at the differences between the national rights of failing banks and the European rules. “We need to talk about how...