Ministers edge toward bank resolution deal after marathon talks

EU finance ministers have edged closer to a deal on rules to wind up stricken banks, following more than 12 hours of talks in Brussels.

After a marathon meeting went on well into the early hours of Wednesday (11 December), ministers emerged with the outline of a compromise that would accommodate German concerns about the prospect of a common eurozone fund to cover bank resolution costs.

They also addressed the question of whether the European Commission will be given sweeping new ...