EU will delay proposal for bank-bond writedowns, Barnier says

01/26/2012 | Bloomberg

Michel Barnier, the EU's internal-market commissioner, said he will postpone a proposal to write down bonds of troubled banks until the sovereign-debt crisis abates. "We have to get past the worst of this crisis to present this proposal at the right moment," Barnier said. That might be in "some weeks, or rather some months".

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