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(Reuters) - Angela Merkel's conservatives and the Social Democrats
(SPD) have struck a deal on the contours of a European banking
union under which a body attached to the Ecofin council - not the
European Commission - would decide when to close failing
banks.
Several sources involved in coalition talks between the parties told Reuters the two camps had also agreed that funds from the European Stability Mechanism (ESM) should not be directly available for winding down financial institutions.
www.reuters.com/arti...4220131109
Several sources involved in coalition talks between the parties told Reuters the two camps had also agreed that funds from the European Stability Mechanism (ESM) should not be directly available for winding down financial institutions.
www.reuters.com/arti...4220131109
