European Union governments sought to put aside their differences on how to stop the financial whirlwind sweeping through Europe and announced agreement on a set of principles for rescuing troubled banks. EU finance ministers said that every country would be free to adopt measures ranging from recapitalization, the purchase of bank assets and state-backed guarantees of bank liabilities, but they failed to establish clear guidelines for protecting the bank savings of individual depositors. Some country’s had different views on how to rescue the troubled banks and there was also a lot of discussion about capital injection. But now the finance ministers agreed on seven principles of government action in bank rescues. The ministers agreed that all member-states would, for an initial period of at least one year, provide deposit guarantee protection for individuals for an amount of at least €50,000, acknowledging that many member-states are determined to raise their minimum to €100,000.
Lien Callebaut
1 opmerking:
OK!
better use present perfect instead of simple past: makes it sound more relevant and newsworthy
country's --> countrIES
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