Hirunews Logo
EU+leaders+approve+eurozone+banking+reform+deal
Friday, 20 December 2013 - 13:59
EU leaders approve eurozone banking reform deal
15

Shares
1,806

Views
EU leaders meeting in Brussels have given their backing to a common set of rules for managing the closure of failing eurozone banks.

Under a plan earlier agreed by finance ministers, a 55bn-euro ) fund will be set up, financed by the banking industry, over 10 years.

The deal is aimed at building an EU banking union that should minimise the need for taxpayer-funded bailouts.

French leader Francois Hollande said it would give investors more confidence.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE