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Eurogroup sets guidelines for direct bank recapitalisation: WSJ

21.06.2013 14:16

Eurogroup sets guidelines for direct bank recapitalisation: WSJ

YEREVAN, June 21. /ARKA/. Eurozone Finance and Economic Ministers have agreed on guidelines for how the European Stability Mechanism (ESM) could directly recapitalise banks in trouble.

At Thursday's Eurogroup meeting, officials sought to allow the €500bn fund to inject capital directly into banks instead of going through the host government. According to European Union (EU) Monetary and Economic Affairs Commissioner Olli Rehn, this would “break the vicious circle between banks and sovereigns by diluting the link between them”.

Despite the general agreement, ministers decided to limit such direct investments to €60bn in each case. They are also discussing the creation of a new facility by the second quarter of 2014.

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Raiffeisenbank Austria sets 3 million euro limit for Bank VTB Armenia

08.10.2010 11:43

Raiffeisenbank Austria sets 3 million euro limit for Bank VTB Armenia

Raiffeisenbank Austria sets 3 million euro limit for Bank VTB Armenia.

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