A political agreement in principle (general approach) on the banking risk reduction package was still extremely uncertain on Monday 12 March, the eve of the Ecofin Council.
Upon his arrival at the Eurogroup meeting, the outgoing German finance minister, Peter Altmaier, dismissed the chances of an agreement on Tuesday. “I do not think we will reach an agreement tomorrow. There are too many questions awaiting solutions”, he said. France hopes that an agreement is possible, to move quickly...