Banking union is expected to top the agenda at today’s euro group finance minister meeting, where an agreement on a single resolution mechanism for failing banks remains the main stumbling block. It is the goal to have a final agreement before year-end but the finance ministers are not expected to be able to close a deal this week, so they will probably schedule an extraordinary euro group/ecofin meeting for next week. Greece’s and Cyprus’s bailout programmes should also to be discussed but disbursement of the delayed aid-tranche for Greece is not expected to be approved.
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Danske Bank