EU Mulls Faster Pooling of Euro Bank-Failure Fund Money
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Euro-area finance ministers said they’d consider pooling money in a planned bank resolution fund at a faster pace than previously foreseen.
German Finance Minister Wolfgang Schaeuble and his Irish counterpart, Michael Noonan, suggested that the 55 billion-euro ($75 billion) Single Resolution Fund could be fully armed in less than the 10 years set out in draft proposals. The fund would back up a proposed euro-area bank-failure authority.