At a roundtable with the Greek government in Athens on Thursday 14 June, the Commissioner for the euro, Valdis Dombrovskis, expressed his hopes that the Eurozone summit at the end of June would agree on the creation of a common backstop for the Single Resolution Fund (SRF), the financial arm of Banking Union in the Eurozone (see EUROPE 12037).
Dombrovskis considers that the backstop would “reinforce confidence in the banking system”, which is why it is currently a priority.
Although the...