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EU Bank-Structure Rule Hits Opposition From Ministers

The European Union’s bid to set out structure rules for about 30 of the bloc’s largest banks hit an early stumbling block as finance ministers challenged aspects of the plans that they said could harm lending to businesses.

Germany, France, Sweden, Poland and the Czech Republic were among countries to take issue with parts of the blueprint, according to two officials familiar with discussions that took place in Athens today. The debate showed the challenges facing Michel Barnier, the EU’s financial-services chief, as he pushes the plan forward.