News In Brief

Ticker

Banks should be wound down over a weekend

13.01.14 @ 20:05

  1. By EUOBSERVER

It should be possible to wind down failing eurozone banks under the authority of the upcoming Single Resolution Mechanism over a weekend "before markets open in Japan on Monday," said the new German board member of the European Central Bank, Sabine Lautenschlaeger, in a hearing in the European Parliament.