The work of the European finance ministers (all but the British minister) on the future common backstop of the Single Resolution Fund (SRF), the financial arm of Banking Union, made no substantial progress in Vienna on Friday 7 September, following the Eurogroup meeting in enlarged format.
“Nothing is agreed until everything is agreed”, Mario Centeno, the President of the Eurogroup, explained to a press conference.
The Portuguese finance minister was referring to the series of key...