www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

Euro zone agrees on bank closure funding

Updated: 2013-12-18 13:43
( Agencies)

BRUSSELS - Euro zone finance ministers made progress on Wednesday on some details of a plan to close banks, paving the way for completion of a euro zone 'banking union' that is to restore confidence in the financial sector and boost growth.

More than five years into a financial storm that toppled banks and dragged down states from Ireland to Spain, Europe wants to seal its biggest project since the introduction of the euro - a framework to police banks and tackle their problems together.

German Chancellor Angela Merkel underscored the importance of the negotiations to complete the banking union, saying she hoped the ministers would reach a deal before she and other EU leaders meet on Thursday.

"For the acceptance of the euro on financial markets, the banking union is very important," Merkel said on Tuesday.

That gives finance ministers 36 hours to clinch overall agreement on an agency and fund to shut weak banks to complement European Central Bank supervision of the sector if European Union leaders are to sign off on it this week.

A crucial part of the project was agreed in the small hours of Wednesday after seven hours of talks - how to ensure financing for closing down banks.

This agreement boosts chances of an overall deal on the blueprint on dealing with failing lenders later on Wednesday - in time for the deadline set by Merkel and other EU leaders and boosting chances the reform will become reality in 2015.

Under the agreement, banks will provide the cash to pay for the closure of failed lenders, giving roughly 55 billion euros ($76 billion) over 10 years accumulated in a Single Resolution Fund.

Until then, however, if there is not enough money from the fees, governments will be able to impose more levies on banks. If that does not suffice, they would help with public money.

If a government would not have enough money, it could borrow from the euro zone bailout fund ESM, like the Spanish government did to recapitalise its banks in 2012, according to the deal reached by euro zone finance ministers.

"In the transitional period, bridge financing will be available either from national sources, backed by bank levies, or from the ESM, in line with agreed procedures," a draft statement by euro zone finance ministers said.

This is a victory for Germany, which was reluctant for euro zone countries to share the costs of winding down banks elsewhere in the euro zone for as long as possible.

Previous Page 1 2 Next Page

8.03K
 
Hot Topics
Sea-level rise since the Industrial Revolution has been fast by natural standards and may reach 80 cm above today's sea-level by the year 2100 and 2.5 m by 2200 even without development of unexpected processes, according to a new research made public on Friday.
...
...
主站蜘蛛池模板: 日韩欧一级毛片在线播无遮挡 | 精品亚洲成a人在线播放 | 免费精品99久久国产综合精品 | 国产成人精品久久二区二区 | 九九视频在线观看视频6 | 免费看一级欧美激情毛片 | 性做久久久久久免费观看 | 久在线| 大量真实偷拍情侣视频野战 | 四虎午夜剧场 | 日本三级网站在线观看 | 国产网站免费在线观看 | 日本高清色www | 国内精品久久久久不卡 | 97久久曰曰久久久 | 国产片91人成在线观看 | 久久亚洲国产精品五月天 | 视频在线观看一区 | 日本成人午夜 | 免费逼片 | 精品久久久久久国产91 | 久久精品国产一区 | 美女被男人桶到嗷嗷叫爽网站 | 三级大片在线观看 | 国产99网站 | 国产一毛片 | 国产成人女人视频在线观看 | 在线观看日韩 | 国产人做人爱免费视频 | 欧美高清一级片 | 精品国产福利 | 欧美一级情欲片在线 | 男人天堂新地址 | 三级黄毛片 | 大臿蕉香蕉大视频成人 | 一级片免费在线播放 | 亚洲天堂2018av | 精品国产精品 | 国产精品久久毛片蜜月 | 久久精品a一国产成人免费网站 | 欧美精品高清在线观看 |