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Image header Agence Europe
Europe Daily Bulletin No. 12052
EUROPEAN COUNCIL / Emu

Twenty-Seven take note of decision to make ESM into backstop of Single Resolution Fund

At the Eurozone summit in Brussels on Friday 29 June, the heads of state or government of the EU countries (with the exception of the United Kingdom, which is not represented) decided to make the European Stability Mechanism (ESM) into the common backstop of the Single Resolution Fund (SRF), the financial arm of Banking Union. 

This is one more step towards the completion of Banking Union that has been taken at this Eurozone summit. Jean-Claude Juncker, the President of the European...

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