Flash: EUR, europe moves toward compromise - BBH

FXstreet.com (London) - Strategist team at BBH said the European Union is gradually moving to a compromise on the Single Resolution Mechanism.

Key Quotes:

“It is intended to be agreed up before the end of the year to give the European Parliament time to debate and eventually accept it prior to the run-up to the May elections”.

“The key issues revolve around the role of the European Commission and the national governments”.

“EU Financial Services Commissioner Barnier proposal had given key powers to the EC”.

“Barnier's plan appears to be supported by a majority of countries and the ECB”.