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European Central Bank Executive Board member Joerg Asmussen said, a so-called Single Resolution Mechanism “would have the legal and financial capacity, as well as the independence, to ensure that viable banks survive and non-viable banks are closed down.”

Photographer: Sean Gallup/Getty Images

European Central Bank Executive Board member Joerg Asmussen said, a so-called Single Resolution Mechanism “would have the legal and financial capacity, as well as the independence, to ensure that viable banks survive and non-viable banks are closed down.”
December 19, 2012
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