Draghi Says ECB Satisfied With State-Aid Rules After EU Response
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European Central Bank President Mario Draghi said the European Commission has addressed the ECB’s concerns about new rules that would require junior bondholder losses at banks that receive state aid.
“We are satisfied with the clarifications provided by the commission, whereby the state-aid rules should be applied with a view to safeguarding financial stability and also the level playing field,” Draghi told reporters in Brussels today.