Spindelegger: “No Exploitation of Resolution Funds”

People ♦ Published: January 28, 2014; 20:29 ♦ (Vindobona)

Among the finance ministers in Europe, there are still different perceptions regarding the bank resolution fund.

Spindelegger: “No Exploitation of Resolution Funds” / Picture: © Flickr / The Austrian Foreign Ministry

The EU bank resolution mechanism is still far from being completed. According to Austrian Minister of Finance Michael Spindelegger, the ECOFIN council still has to decide how the funds will be supplied. “It is clear that the funds must not be exploited by certain countries which have difficulties in their banking sectors meaning that all other countries are losing their…

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