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Wednesday, November 19, 2014

 

EU leans on big banks to finance bailout fund

By Jonathan Cheng

Brussels on Tuesday unveiled plans to fill up the EU’s new €55bn bank rescue fund by leaning heavily on Europe’s biggest banks, a system officials acknowledged would benefit Germany, whose banking system is made up of hundreds of small and medium-sized financial institutions.

http://www.ft.com/cms/s/0/abc93c04-591f-11e4-a722-00144feab7de.html