The Economic and Financial Affairs Council adopted yesterday (6.05) the harmonised rules on bank recovery and resolution, following their approval by the European Parliament. It also adopted conclusions on macroeconomic imbalances in the member states, in the light of the Commission's in-depth reviews.

Welcoming the final adoption of the Bank Recovery and Resolution Directive (BRRD), ECOFIN President Yannis Stournaras said that “…the BRRD is crucial for ensuring long term financial and economic stability and for reducing the potential costs of possible future financial crises for public funding and for taxpayers.”

See also Greek News Agenda: Greek Debt Discussion @ Eurogroup