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EU Resumes Battle Over Imposing Losses at Failing Lenders
European Union finance ministers convene in Brussels today to continue their battle over how to handle failing banks, aiming to break a deadlock that sent them home empty-handed after 19 hours of talks last week. Irish Finance Minister Michael Noonan, chairing his final meeting of Ireland’s six-month EU presidency, will push hard to get a deal that he says is essential for keeping the EU’s crisis-fighting strategy on track. Noonan arrives in Brussels this afternoon for a series of smaller meetings ahead of this evening’s 27-nation gathering. Talks in Luxembourg foundered on the question of which creditors face ... (full story)