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Draghi - Resolution mechanism needs 'single authority and a single fund'

16.12.13 @ 17:25

  1. By EUOBSERVER

The single resolution mechanism for banks needs "a single system, a single authority and a single fund," said European Central Bank boss Mario Draghi on Monday. Speaking at a hearing in the European Parliament, Draghi warned lawmakers not to create a system that was "single in name only."

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