Skip to main content
Black Listed News

Draghi’s rallying cry for new EU powers

Published: December 14, 2012
Share It | Print This


Source: FT

The EU needs fresh powers to wind up failing banks in a speedy push to the next phase of banking union, according to Mario Draghi, president of the European Central Bank, after a landmark agreement on centralised supervision.


“A European resolution authority is an important complement to the SSM and it will probably be in place by the time the SSM takes up its responsibilities,” Mr Draghi told the Financial Times on the eve of Thursday’s agreement. The bank expects to take a year to prepare itself to assume responsibility for supervising lenders with assets of more than €30bn.

...

The bailout authority was due to be discussed at a summit of EU leaders on Thursday night, which followed 24 hours of uncharacteristically rapid decision-making by eurozone ministers.

Read More...

 
 
 
 
 

Share This Article...



Subscribe To Updates
Blacklisted Newsletter
Blacklisted Radio
Blacklisted Nation
On Twitter
On Facebook
The DoomCast
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Youtube
Podcasts on iTunes
Podcasts on Stitcher
Podcasts on Tunein
Podcasts on Roku

Support Us
Donate Today!

Affiliates
Shop Amazon
Golden Eagle Coins
6 Dollar T-Shirts
DHGATE.COM
The Ready Store
Onnit Labs
Audible Audio Books
Blue Host




BlackListed News CC 2006-2014