Euro zone agrees on direct bank recapitalization in 2015: Eurogroup head

The euro zone’s bailout fund, the European Stability Mechanism, could directly invest in a troubled bank next year, after 8 percent of the bank’s total liabilities are written off, the chairman of euro zone finance ministers said on Monday. The bloc’s leaders agreed in 2012 that the ESM must have…

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Euro zone agrees on direct bank recapitalization in 2015: Eurogroup head