Eurogroup assesses banking union rules after Italian crisis

New Europe / Alexandros Michailidis

Eurogroup finance ministers meeting at the European Council in Brussels, Belgium on Jul. 10, 2017.

Eurogroup assesses banking union rules after Italian crisis


Eurozone finance ministers met to assess the Union’s rules, after a number of banks crippled with billions of euros worth of bad loans.
According to the Eurogroup president Jeroen Dijsselbloem, the need for further harmonization of the national insolvency networks became evident at the recent cases, even if both Banco Popular and Veneto banks insolvency just two weeks later was held with respect to the new bank recovery and resolution directive (BRRD) framework and the European Commission’s...


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