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>> EUROPEAN CENTRAL BANK Latest News

OCT 19, 2013 - Yahoo! News

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Draghi asked EU to keep state aid rules for banks flexible

MILAN (Reuters) - Banks that are still viable but need state aid to boost their capital base should be allowed to receive help without inflicting losses on their junior bondholders, European Central Bank President Mario Draghi told the European Commission. In a July 30 letter addressed to EU Competition Commissioner Joaquin Almunia, Draghi said imposing losses on junior creditors in the context of such "precautionary recapitalizations" could hurt subordinated bank bonds. ...

Tags: Draghi asked EU to keep state aid rules for banks flexible,  European Central Bank Latest News