ECOFIN ministers failed to reach a full agreement on a bail-in instrument, that would be part of an EU wide bank recovery mechanism, protecting the taxpayer from future liabilities for negligent bank practices. 

Following the discussions, a balance between having a harmonised system and national flexibility was not found, with several member states some distance from each other on how to find a settlement. 

An EU official said: “There were a lot of differenc...

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