Arab Today, arab today eu agrees on new rules for failing banks
Last Updated : GMT 11:40:20
Arab Today, arab today
Arab Today, arab today

EU agrees on new rules for failing banks

Arab Today, arab today

Arab Today, arab today EU agrees on new rules for failing banks

Brussels - KUNA

EU Finance Ministers early Thursday agreed on new rules to deal with failing banks in Europe. \"I am very pleased that finance ministers of the member states have managed a few minutes ago to reach broad political agreement on the future rules for how to restructure and resolve failing banks,\" said Michel Barnier, EU Commissioner for Internal Market and Services, in a statement. \"These rules are of utmost importance to protect taxpayers from having to bail-out banks in the future,\" he said and noted that depositors would continue to have full protection of their deposits under 100,000 euro even when a bank runs into trouble. The agreement also paves the way for the EU to move forward with the Banking Union. The proposed rules will now go before the European Parliament for approval. On his part, Irish Finance Minister Michael Noonan, who brokered the agreement in an extraordinary meeting with EU Finance, said in press statements that \"during the financial crisis, there was no single set of tools available to member states to deal with failing banks and we saw varying reactions across Europe.\" Under the new rules, in the event of future banking failures taxpayers will be protected, he noted. Ireland holds the current EU Presidency. Dutch Finance Minister, Jeroen Dijsselbloem, who is also the President of the Eurogroup, told reporters after the meeting that \"If a bank gets in trouble we will now throughout Europe have one set of rules on who pays the bill.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu agrees on new rules for failing banks Arab Today, arab today eu agrees on new rules for failing banks

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu agrees on new rules for failing banks Arab Today, arab today eu agrees on new rules for failing banks

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday