EU plans to offer toolbox to handle crises, Barnier says

11/16/2011 | Reuters

Michel Barnier, the EU's internal-market commissioner, said officials are working on measures to deal with crises in the banking sector. "On the question of [bank] resolution and crisis management, what we want is a toolkit of crisis management. ... I hope to publish these proposals in the coming weeks," Barnier said. "The idea is to ensure that authorities have the power to intervene as early as possible and [a problem] does not develop into a catastrophe."

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