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  • 13.12.2017

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Eurogroup head says EU fiscal rules need to be simpler
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13.12.2017

Eurogroup head says EU fiscal rules need to be simpler

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Dijsselbloem, who will step down from his post in mid-January, also said euro zone banks needed to deal with non-performing loans, and that the European Central Bank is right to guide them on how to provision for new bad loans.

He also said that there was broad support among euro zone ministers that their bailout fund, the European Stability Mechanism (ESM), should become a backstop for the euro zone’s Single Resolution Fund for banks.
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