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Euro zone agrees to help banks with past problems
June 20, 2013 / 8:39 PM / in 4 years

Euro zone agrees to help banks with past problems

LUXEMBOURG, June 20 (Reuters) - The euro zone’s bailout fund will be able to help recapitalise banks that ran into trouble in the past, the bloc’s finance ministers agreed on Thursday, but will not give blanket permission for the funding.

“The potential retroactive application of the instrument will be decided on a case-by-case basis,” Jeroen Dijsselbloem, who chaired the meeting, told a news conference.

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