Select a language
Eurozone finance ministers are edging closer to a banking union deal after Germany and other EU member states agreed an outline for a failed bank rescue fund using national and centralised resources, reports the Financial Times.
French finance minister Pierre Moscovici told the FT that plans were under discussion to create a system involving a central fund - as favoured by the EU - and a network of national funds - as preferred by Germany.
Moscovici said the new scheme would involve a “single resolution fund and a role given to national input,” and denied this structure was contradictory. The FT adds –
The details of how this hybrid scheme – essentially a network of national funds under a single EU umbrella – will operate is likely to be one of the most contentious elements of a final deal.
A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
Go to the event >