EU agreement on bank resolution ‘essential’

Banking union will be thrown off-track, if EU countries cannot agree on bank resolution later this week, Finance Minister Michael Noonan has warned.

He intends to work through Wednesday night if necessary to get the agreement that eluded him and his fellow finance ministers earlier this week on this pivotal piece of legislation.

He and the Irish presidency received lots of praise from members of the European Parliament’s budget committee as they work through the final few days of the presidency.