EU finance ministers have agreed new rules on how to wind up failed banks - the key pillar of a "banking union" designed to stop a repeat of the crisis.
The deal, finalised in Brussels late on Wednesday (18 December) after more than 12 hours of talks, makes good on earlier promises to reach a common position by the end of the year.
The new regime applies to all 17 eurozone countries, but allows non-euro states to sign up if they want.
Under the compromise, the banks themse...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login