In Brussels this week talks have returned to the familiar theme of banks, bailouts and backstops.
On Monday (23 September) European Central Bank boss Mario Draghi told MEPs on the influential Economic affairs committee that a new resolution fund to cover the costs of eurozone bank failures would need access to its own credit line.
A day later, Klaus Regling, director of the European Stability Mechanism (ESM), the eurozone bailout fund, was equally frank with MEPs on the same commi...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.