Finance Minister chairs meeting to reach agreement over EU bailout fund

first_imgNews Finance Minister chairs meeting to reach agreement over EU bailout fund By News Highland – June 21, 2013 Pinterest The Minister for Finance will chair a meeting of his European counterparts in Luxembourg today in a bid to reach a final agreement on how to use the EU bailout fund.Last night Finance Ministers agreed broad guidelines on how to use the ESM to rescue banks from failure.The fund will be able to shore up struggling banks directly and possibly retrospectively which would be of benefit to Ireland.Nick Bullman from Check Risk says the agreement raises the prospect of retrospective recapitalisation for the banks but it is not the end of road yet.”Well I think everything is still in play – I think what’s quite interesting is that the EU Finance Ministers meetings, the European Commission seems to be making a play to actually control the Single Regulatory Mechanism – which is called the SRM – which will  control all the banks going forward” he said.”So again this is political horseplay in Europe – it’s been done at a time when decisions have to be made” he added. Previous articleFianna Fail put forward Cllr Sean McEniff to run against Cllr Ian McGarvey for position of MayorNext articleJames Reilly hopeful of EU ban on slim cigarettes News Highland WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ 75 positive cases of Covid confirmed in North center_img Google+ Further drop in people receiving PUP in Donegal Twitter Gardai continue to investigate Kilmacrennan fire Main Evening News, Sport and Obituaries Tuesday May 25th 365 additional cases of Covid-19 in Republic Facebook WhatsApp Facebook Twitterlast_img read more

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