June 14, 2019 / 1:09 PM / 3 months ago

EU agrees easier restructuring of euro zone bonds from 2022 -sources

LUXEMBOURG, June 14 (Reuters) - European Union governments agreed on Friday new rules that would make it easier to restructure euro zone sovereign bonds in the event of a financial crisis, two EU officials told Reuters.

The measure would be applicable to bonds issued from 2022 and with maturities above one year, the officials said. The changes to EU rules are included in the revised treaty of the European Stability Mechanism, the euro zone rescue fund.

The text has been agreed by EU finance ministers on Friday but will not be published until guidelines on how to interpret some of its provisions are agreed by EU governments, a process that is likely to take until December. (Reporting by Francesco Guarascio; Editing by Catherine Evans @fraguarascio)

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