ECB’s Draghi worried by euro zone bank resolution plan

Latest plans to wind up failing euro zone banks may be overly complicated and inadequately funded, European Central Bank President Mario Draghi said on Monday. Under the terms of an EU proposal seen by Reuters on Saturday, the cost of closing down a bank in the currency bloc will initially be borne almost fully by its home country, but the obligations of euro zone partners will gradually rise to be shared equitably after 10 years.

    

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