Ministers at odds on bank rescue rules

Eurozone finance ministers remained far apart in the latest stage of negotiations on a banking union, held on the 14 October 2013 during a Eurozone finance ministers meeting.

Member states were discussing how to pay for the repair of their broken banks after health checks in 2014, which are expected to uncover problems that have festered since the financial crisis.

• Primary Source

European Commission: RAPID: Speech, SPEECH/13/818: Remarks by Vice-President Olli Rehn at the Eurogroup press conference http://europa.eu/rapid/press-release_SPEECH-13-818_en.pdf

EurActiv, 15.10.13: Finance ministers tussle over banking union, sovereignty http://www.euractiv.com/euro-finance/finance-ministers-tussle-baking-news-531076

Deutsche Welle, 15.10.13: Eurogroup treads water waiting for Germany http://dw.de/p/19zTJ

EurActiv, 14.10.13: Eurozone ministers to say who pays for banks' clean up http://www.euractiv.com/euro-finance/eurozone-ministers-pays-banks-cl-news-531051

European Parliament: Press Release, 14.10.13: Sorting out troubled banks: Economic and Monetary Committee starts work on rules http://www.europarl.europa.eu/news/en/news-room/content/20131014IPR22238/

Deutschlandfunk, 16.10.13: Europe remains at odds over banking union (via Euro|Topics) http://www.eurotopics.net/en/home/medienindex/media_articles/archiv_article/ARTICLE131834-Europe-remains-at-odds-over-banking-union

ESO: Background information: Council approves single supervisory mechanism for banking http://www.europeansources.info/record/press-release-council-approves-single-supervisory-mechanism-for-banking/

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