EU Working to Resolve Difference on Bank Plan, Rehn Says
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European Union Economic and Monetary Affairs Commissioner Olli Rehn said he’s working to resolve disputes in how the bloc’s crisis fund can be used to recapitalize struggling banks in the region.
“It seems there have been different interpretations about the June decision,” he said in an interview yesterday in Haemeenlinna, Finland. “Already this week the member states have begun to discuss with the help of the European Commission on what exact rules could be implemented in bank recapitalization. This work proceeds in parallel to the work on the banking supervisor.”