Further step taken on completion of the banking union
Eurogroup President Jeroen Dijsselbloem i has welcomed the political agreement with the European Parliament on the single resolution mechanism for banks in trouble, which was reached today in Brussels at the trilogue between the European Commission, the European Parliament and the Council.
Eurogroup President J. Dijsselbloem and Sharon Bowles, Chair of the Parliament's Economic and Monetary Affairs Committee
© European Union
After the agreement on common rules for banks and the supervision of banks, this is one further important step towards the completion of the banking union.
"I am pleased that all parties involved did their utmost to deliver results on time," said President Dijsselbloem who had also been invited to take part in the negotiations.
"Together we have made a very important step in restoring confidence in banks as well as in the eurozone. And this at an unprecedented speed. With the banking union, risks will be pushed back to where they belong: to the ones that are taking the risks and benefit from the risks - the financial sector - and not to the tax payer."