Europe to agree deal on closing failing banks by year-end

Morris, Pamela
December 2013
Fundweb;12/10/2013, p20
Trade Publication
The article reports that eurozone finance ministers are attempting to reach an agreement on how Europe's failing banks should be wound up. Eurozone finance ministers are making efforts to smooth out differences of opinion on this issue between Europe's leading economies. Germany is currently opposing the use of the European Stability Fund, the region's bailout fund, to help finance the cost of future bank aid.


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