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We've already put in over €32bn, so adding another €35bn puts us in the firing range for a banking resolution.
They may also seek to handle issues like banking resolution and deposit guarantees inside the euro zone in the future.
European Commission President Jose Manuel Barroso said the EU executive will issue proposals for such a banking resolution mechanism in the next two weeks.
For this to work, there must be a European banking resolution mechanism to recapitalize banks and provide a backstop for a euro-zone-wide deposit guarantee scheme.
"It is not excluded that deposits over €100,000 could be instruments eligible for bail-in," said Chantal Hughes, spokeswoman for Michel Barnier, the European commissioner for the single market drafting the banking resolution legislation.
Even better would be to agree on the other pillars of banking union: an E.U. template for national legislation on banking resolution with federalized banking recapitalization plans and a path to common E.U. deposit insurance.
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The F.D.I.C. operates state-of-the-art bank resolution processes.
The Bank of England has a fundamentally different approach to bank resolution than that of the F.D.I.C.
The Irish Bank Resolution Corporation is already pursuing a bankruptcy case against Mr. Quinn in Ireland.
Small-bank resolution regimes on the whole work well (see article).
The second is about banks' resolution plans what happens if they get into trouble.
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