In Berlin on Friday European finance ministers
and senior EU officials met to try to forge a compromise on
rules to wind down stricken banks, with time running out to
reach a deal by a year-end deadline.
"I hope that on Tuesday evening, maybe in the night of Tuesday,
we'll reach a deal and if we don't suceed then we will succeed
the following week when we meet on December 18," Moscovici said
ahead of next week's regular gathering of European finance
ministers in Brussels.
Moscovici said Friday's meeting had been useful.
"Everyone moved a little," he said.
The sticking point is staunch opposition from Germany, and some
of its northern European allies, to proposals that would give
the European Commission new powers to wind down banks.
The European Union has said it wants to agree a deal on bank
resolution, a key plank of its ambitious "banking union"
project, by year-end. Failure to meet that goal could lead to
significant delays in implementation because of looming European
Parliament elections and changes in the makeup of the European
(Reporting by Jean-Baptiste Vey and
Muriel Boselli; editing by Andrew Roche)
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