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: 特级毛片aaaa免费观看 | 亚洲综合天堂 | 亚洲精品国产成人99久久 | 日本黄色大片在线播放视频免费观看 | 中文字幕一区二区三区在线观看 | 久久精品免费视频观看 | 一区二区三区精品视频 | 可以免费观看欧美一级毛片 | 亚洲国产成人精品91久久久 | 国产精品1区 2区 3区 | 欧美日韩在线播放一区二区三区 | 日本欧美一区二区 | 颜值超高的女神啪啪 | 91p在线| 日韩三及片 | 国产性色 | 99精品久久久久久久免费看蜜月 | 午夜国产视频 | 91手机看片国产福利精品 | 亚洲欧美综合一区二区三区四区 | 国产91成人 | 成人午夜精品久久不卡 | 欧美日韩高清观看一区二区 | 国产精品a区 | 欧美aⅴ在线| 国产欧美在线观看不卡一 | 日韩国产成人精品视频人 | 国产精品成人观看视频网站 | 欧美一区a | 美国一级免费 | 一本色道久久综合亚洲精品高清 | 国产在线综合一区二区三区 | 国产大乳孕妇喷奶水在线观看 | 国产亚洲人成a在线v网站 | 久久精品国产亚洲7777小说 | 精品在线99| 又粗又爽又色男女乱淫播放男女 | 日本天堂在线视频 | 91热国产 | 欧美一级免费看 | 中文字幕国产欧美 |