Statement: Commission welcomes the successful ratification of the Intergovernmental Agreement on the Single Resolution Mechanism by Greece and calls on Luxembourg to follow suit

On 7 December 2015, the European Commission welcomed the news that Greece has ratified the Intergovernmental Agreement (IGA) for the Single Resolution Mechanism (SRM).
Moreover, the European Commission called on Luxembourg to ratify as a matter of urgency, as it was the last remaining Member State participating in the Banking Union not to have done so.

• Primary Source

ESO: Background information: Banking union: Single resolution fund on schedule for 1 January 2016 http://www.europeansources.info/record/press-release-banking-union-single-resolution-fund-on-schedule-for-1-january-2016/

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