German draft law clears path for EU to directly fund ailing banks

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Series Title
Series Details 10.07.14
Publication Date 10/07/2014
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The EU’s bailout fund moved closer to being able to directly pump money into troubled banks after the German government introduced a bill allowing direct bank recapitalisation.

The draft law would require approval in the Bundestag, but was planned to enter into force in November 2014.

Source Link Link to Main Source http://euobserver.com/news/124927
Related Links
ESO: Background information: Website: European Stability Mechanism - ESM http://www.europeansources.info/record/website-european-stability-mechanism-esm/
ESO: Key Source: European Banking Union http://www.europeansources.info/record/european-banking-union-2/
EurActiv, 11.07.14: Germany pushes early adoption of EU banking union rules http://www.euractiv.com/sections/euro-finance/berlin-pushes-early-adoption-eu-banking-union-rules-303411

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