At last a solid base for the European Banking Union

The Ecofin Council, regrouping the 27 EU ministers of Finance, struck an agreement at 2.00 o’clock this morning over the much debated ‘bank resolution and recovery’ draft directive. As it usually happens in the European Union the final agreement between member states on crucial issues does not go all the way through, but still offers […]

Eurozone: How safe are our deposits? Which banks will survive?

The Ecofin Council, the EU body that regroups the 27 Ministers of Finance, probably the most powerful institution of the European Union, is to conduct its regular meeting this Monday and Tuesday 13 and 14 May. On its agenda the main item will be a Commission’s proposal for a crucial Directive, establishing a framework for […]