Brussels mulls cross-border rules to wind up failing banks

Series Title
Series Details 30.5.12
Publication Date 30/05/2012
Content Type

EurActiv reported on 30 May 2012 on a draft EU law that could opblige European Union countries to bail out one another's struggling banks. This EU law would have marked a big step towards greater EU financial integration likely to upset some members, particularly Germany.
Source Link Link to Main Source http://www.euractiv.com/euro-finance/brussels-mulls-cross-border-rules-wind-failing-banks-news-513015
Related Links
The Telegraph, 29.5.12: Draft EU bank resolution law: main points http://www.telegraph.co.uk/finance/financialcrisis/9298487/Draft-EU-bank-resolution-law-main-points.html
The Wall Street Journal, 30.5.12: Euro-Using Countries Urged To Set Up Banking Union http://online.wsj.com/article/SB10001424052702303640104577435930162989816.html?mod=googlenews_wsj
The Irish Times. 30.5.12: Draft EU law may compel states to bail out each other's failing banks http://www.irishtimes.com/newspaper/finance/2012/0530/1224316912339.html
Reuters, 29.5.12: EU proposes cross-border bank rescues: draft http://www.reuters.com/article/2012/05/29/us-eu-banks-idUSBRE84S13H20120529
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