News Headline Summary

French finance minister Moscovici says direct bank recapitalization from ESM is a priority for us

Update details:

- Even though EU leaders initially agreed to allow the European Stability Mechanism to directly recapitalise banks, Germany, the Netherlands and Finland have since said there was never any question of past bad banking debts being shifted off the states' books and onto the ESM.

Print 14:24, 21 Jan 2013 - Economic commentary - Source: Newswires