A Conversation with Pierre Moscovici
A Conversation with Pierre Moscovici videos.. Please click here to subscribe to my channel.. Minister Pierre Moscovici discusses France, the European Union,
By: Angel Wordsworth
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A Conversation with Pierre Moscovici - Video
Visit of Jos Manuel Barroso to New Zealand, Auckland, 7-9 September 2011
President of the European Commission Jos Manuel Barroso visited New Zealand on 7-8 September 2011. This clip presents a review of most of the activities of ...
By: European Union in New Zealand
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Visit of Jos Manuel Barroso to New Zealand, Auckland, 7-9 September 2011 - Video
NATO Secretary General Doorstep Statement - European Union Foreign Affairs Council - Luxembourg
Doorstep statement by NATO Secretary General Anders Fogh Rasmussen at the meeting of the European Union Foreign Affairs Council at the level of Defence Minis...
By: NATO
European Union: 500 Million Consumers, 28 Countries and One Single Market
Last year the Single Market celebrated its 20th anniversary, that #39;s 20 years of the free movement of goods, people, services and capital within the European ...
By: HOTELIER TV
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European Union: 500 Million Consumers, 28 Countries and One Single Market - Video
STRASBOURG, France The European Parliament on Tuesday gave its final approval to an array of rules aimed at mending the European Union's troubled financial sector and winding down banks while sparing taxpayer money.
In their final week before breaking up ahead of elections in May, lawmakers voted through previously agreed legislations designed to place the cost of closing a failing bank on the shoulders of its investors, and a new authority that will oversee the winding down of broken eurozone lenders.
Lawmakers also approved new harmonized rules for national deposit-guarantee funds, which are meant to protect savings during a bank failure.
"We have turned the idea of a banking union into reality in less than two years," said Internal Markets Commissioner Michel Barnier. "The banking union completes the economic and monetary union and ensures taxpayers will no longer foot the bill when banks face difficulties."
Eurozone leaders promised to construct a so-called banking union at the height of the currency union's debt crisis in June 2012, pledging to break the toxic link between weak banks and government finances. In addition to the laws passed Tuesday, the banking union also includes a single supervisor for eurozone banks under the auspices of the European Central Bank.