Saturday March 28, 2020

Germany's softer stance gives hope of bank deal

European Union negotiators are weighing compromise plans for handling stricken banks that would allow some senior creditors to be spared at moments of crisis, according to a draft proposal.

10th December, 2013
There is pressure in Brussels to strike a deal before the EU leaders’ summit next week.

Germany softened its opposition to key elements of a plan for handling euro-area bank failures as European Union finance ministers raced to break a deadlock on the proposal before next week’s EU summit.

Negotiators are weighing compromise plans for handling stricken banks that would allow some senior creditors to be spared at moments of crisis, according to a draft proposal.

There is pressure on to strike a deal before the EU leaders’ summit...

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