EU Makes Bank-Crisis Push as ECB Says Failure Is Suicide
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European Union lawmakers will make a last-ditch effort next week to get a bank-resolution bill on the books, as the European Central Bank warns that failure would be “very close to suicide.”
Negotiations in Strasbourg, France, yesterday yielded “some progress” on the Single Resolution Mechanism bill, though “the crucial issues are still all to be agreed” with a March 19 deadline looming, top European Parliament lawmakers said after the talks.