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European Parliament: Economic Committee - Barnier vows to MEPs to press ahead on banking union

( September 16, 2013, 16:19 GMT | Official Statement) -- MLex Summary: A single European resolution mechanism for failed banks should be able to borrow from the EU rescue fund or other source, Michel Barnier said. Speaking in the European Parliament, the EU internal-market commissioner also said the resolution system can start without a change to the EU.The text of the statement follows....

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