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Friday 2 June 2023 Dublin: 11°C

# banking union

All time
# bust banks
"End to the era of massive bailouts" as EU reaches deal to complete banking union
MEPs now say that a problem bank can be closed down in the space of a weekend to avoid markets turmoil on a Monday.
# Debt Relief
Noonan says bank debt deal cannot be 'actively' pursued until 2015
The Minister for Finance met with the head of the eurozone’s permanent bailout fund, Klaus Regling, who reiterated his own view that any retrospective deal is not likely at the moment.
# bank debt
Taoiseach admits his own deadline on bank debt deal will be missed
Enda Kenny’s comments came prior to those of the European Commission president Jose Manuel Barroso last week where he appeared to rule out any retrospective bank deal.
# Bailout
Taxpayers will no longer pick up all of the tab for failed banks
The EU banking union framework has been agreed, meaning banks will bail themselves out.
# Brussels
Extra Banking Union meeting needed after ministers fail to reach agreement
Eurogroup ministers met earlier this week on the topic, but only agreed on general principles.
# banking union
Creation of Single Supervisory Mechanism for eurozone banks is approved
The new set of banking rules “will restore fair lending conditions across the EU,” said Barroso.
# banking union
EU finance ministers seek progress on bank closures plan
European finance ministers are meeting today in Vilnius to discuss the planned Banking Union, which would allow a failing bank to be closed before it damages the underlying economy.
# Bank Bailout
EU finance ministers fail to agree on who should pay for bank bailouts
The 27 EU ministers will meet again Wednesday to try and finalise a decision.
# Bailout
Euro finance ministers agree direct help for banks
The 17 eurozone ministers are joined today by their 10 non-euro colleagues to discuss these issues in a Bank Recovery and Resolution Directive.
# banking union
Ireland leads deal with European Parliament on new banking watchdog
The deal with the parliament means that MEPs will now get the ability to pick the leaders of the supervisory board.
# Brussels
Deal on Irish bank debt 'can be reached before 2014' - Kenny
The Taoiseach says discussions on the help Ireland can receive from the ESM can continue before a new banking supervisor is set up.
# European Council
EU leaders repeat aim of splitting bank and sovereign debts
Ahead of Day 2 of a two-day summit, EU leaders say a deal on a new banking regulator is “a major qualitative step”.
# Europe
A busy week for Noonan as EU banking union talks precede Budget 2013
First Brussels, then Budget Day.
# Eurozone
Mathew Elderfield issues warning over EU banking union
The Deputy Governor of the Central Bank of Ireland also said the concerns of the UK and other countries outside the eurozone should be addressed.
# Battle lines
Kenny calls for sharing of bank debts - as Merkel again rules out Eurobonds
There’ll be no Eurobonds “as long as I live”, insists a defiant Chancellor, as the Taoiseach calls for federalised bank debts.
# Eurozone
EU leaders will discuss plans to integrate national budgets - report
Reuters says a document being prepared for Brussels also discusses banking union and deeper economic integration.
# Banks
Honohan calls for EU-wide 'banking union'
The Central Bank governor also said Irish banks should be recapitalised with EU funds – and without running up our national debt.