EU Finance Ministers will meet in Brussels today for talks on how to protect taxpayers against the cost of winding down or propping up failing banks.
Pressure is growing for a deal on bank recovery and resolution legislation, ahead of next week's European Council meeting.
It comes after the Government secured one of its top priorities for the EU Presidency, by getting agreement on the €960-billion EU budget for the next 7 years. It came after 24 hours of negotiations.
Advertisement
The deal - which allows for greater transparency, flexibility and a review of spending in 2016 if needed - will be put to member states at the Council meeting next week.
Speaking from Brussels last night, the Tánaiste Eamon Gilmore said it's a major step forward:
