Noonan: Credit line can break doom cycle

Agreeing a credit line between a common resolution fund and the ESM will be the most effective way of breaking the bank-sovereign doom loop, according to Finance Minister Michael Noonan.

Noonan: Credit line can break doom cycle

There is no agreement at EU level for this proposal because some of the bigger states like Germany are still opposed to such a move.

Mr Noonan was speaking at the ‘Future of Banking in Europe’ conference held in Dublin.

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