Eurozone countries push for deal on toxic assets

Eurozone finance ministers agreed a range of proposals on Monday (9 February) night on how to deal with ‘impaired assets' held by European banks.

Economy commissioner Joaquin Almunia, who also attended the eurogroup meeting said: "I hope that ECOFIN will adopt the conclusions tomorrow," referring to the EU's 27 finance ministers who are scheduled to meet on Tuesday morning.

Large numbers of assets held by banks - collectively known as ‘impaired' or ‘toxic' assets - are charged w...