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WASHINGTON (AP) — John S.D. Eisenhower, the son of a five-star general turned president who forged his own career in the U.S. Army and then chronicled the history of the American military in numerous books, died Saturday. He was 91.
An EU system to prevent a repeat of the massive bank bailouts which crippled the economy is a major step but it is also too complicated when speed is absolutely essential, analysts said. EU finance ministers agreed Wednesday a Single Resolution Mechanism to close problem banks, with the cost covered by a special bank levy to be phased in by 2025. The SRM will work alongside an already agreed new supervisory regime run by the European Central Bank. The last element, a common deposit guarantee system to reassure nervous savers, was put in place Tuesday after European Parliament approval.