Rehn, Moscovici Step Up Demand for Direct Euro-Area Aid to Banks

bloomberg.com — The top European Union and French finance officials pressed to allow direct euro-area aid for troubled banks in the face of German opposition. EU Economy Commissioner Olli Rehn and French Finance MinisterPierre Moscovici said letting the euro's permanent rescue fund inject cash into banks instead of channeling the money through national governments would help stem the debt crisis in Europe.
Rehn, Moscovici Step Up Demand for Direct Euro-Area Aid to Banks t.co/zWrBTgSw via @BloombergNews