Saturday February 22, 2020

EU finance ministers head towards showdown with parliament

EU finance ministers headed toward a showdown with the bloc’s parliament over a bank-failure fund as they struggled to put together a blueprint for their leaders to agree upon next week.

11th December, 2013
"nothing is agreed until everything is agreed, so we can say everything is in a way open,” said one participant.

European Union finance ministers headed toward a showdown with the bloc’s parliament over a bank-failure fund as they struggled to put together a blueprint for their leaders to agree upon next week.

In more than 15 hours of talks that ended inconclusively early today, ministers in Brussels sketched out a compromise that European Parliament leaders say keeps too much power in national capitals and undermines EU law. The finance chiefs return on the...

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