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EU Summit Calls for Finalization of Joint Guidelines for ESM

Published: October 25, 2013; 15:02 · (Vindobona)

The EU Summit presses for faster changes to achieve the aim of a banking union.

EU Summit Calls for Finalization of Joint Guidelines for ESM / Picture: © Flickr

Until the end of the year the regulations for winding up banks and for deposit guarantees are supposed to be made. According to Friday’s summit declaration, the Eurogroup has to finalize the guidelines for the European Stability Mechanism (ESM). However, a definite time was not mentioned. The EU Summit considers the completion of a banking union as urgent. Moreover it requires not…

This article includes a total of 480 words.

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