Euro-Area Bank-Failure Bill Deadlocked on Plans for Common Fund
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Talks on a euro-area bank-failure authority are deadlocked as negotiators struggle to find common ground on a fund to cover the costs of saving or shuttering lenders, an internal European Union document shows.
“There was no movement from the starting positions by either of the institutions and no agreement was reached on any of the issues of substance,” according to the document, which summarizes Jan. 8 talks between the European Parliament and officials from Greece, which holds the EU’s rotating presidency.