Other available languages: FR
Brussels, 11 March 2014
Statement by Commissioner Michel Barnier following today's ECOFIN meeting on the single resolution mechanism
Today, we made progress on a number of elements:
However, on the issue of "who pushes the button", the Council decided not to change the balance of roles between the Council and Commission, on which it had agreed on 18 December 2013, thus rejecting one of the key demands of the European Parliament and maintaining a text on which the Commission continues to have a formal legal reserve.
On this basis, I will participate tomorrow in the trilogue as constructively as possible to bring closer together the points of view of the two co-legislators which remain very divergent, so we can reach agreement on an effective and credible mechanism before the end of April.