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EU Resumes Battle Over Imposing Losses at Failing Lenders

From bloomberg.com

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)

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