EU leaders meeting Thursday (13 December) in Brussels have agreed to take further steps toward banking union including the political and legal minefield of common rules on winding up ailing banks while making sure the tax payer does not foot the bill.
Text agreed after the lengthy meeting says the European Commission should "in the course of 2013" make a proposal for a single resolution mechanism for all member states that are part of the newly-agreed bank supervisory system.
It ...
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