The European Commission in June will present a proposal on a joint mechanism to handle failing banks, Internal Market Commissioner Michel Barnier said Friday, adding that treaty change will not be necessary for a banking union.
http://www.foxbusiness.com/news/2013/04/12/eu-barnier-will-propose-mechanism-to-handle-failing-banks-in-june/
http://www.foxbusiness.com/news/2013/04/12/eu-barnier-will-propose-mechanism-to-handle-failing-banks-in-june/
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