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German finmin expects agreement on principles of ESM bank recapitalisation
June 20, 2013 / 12:58 PM / 4 years ago

German finmin expects agreement on principles of ESM bank recapitalisation

LUXEMBOURG, June 20 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Thursday he expected an agreement to be reached at a meeting in Luxembourg on the principles of bank recapitalisation via the euro zone’s permanent bailout mechanism but details remained open.

“Today, in the best case scenario, we can agree on the basic principles of ESM (European Stability Mechanism) bank recapitalisation,” he said, adding that elements would remain to be decided.

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