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The Lehman Brothers bank fell in 2008, heralding the start of the financial crisis (Photo: sachab)

Ministers edge toward bank resolution deal after marathon talks

EU finance ministers have edged closer to a deal on rules to wind up stricken banks, following more than 12 hours of talks in Brussels.

After a marathon meeting went on well into the early hours of Wednesday (11 December), ministers emerged with the outline of a compromise that would accommodate German concerns about the prospect of a common eurozone fund to cover bank resolution costs.

They also addressed the question of whether the European Commission will be given sweeping new ...

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Author Bio

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.

The Lehman Brothers bank fell in 2008, heralding the start of the financial crisis (Photo: sachab)

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Author Bio

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.

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