Finance Ministers

finance ministers: The finance ministers from the 27-nation bloc met Tuesday in Brussels to hammer out the new rules on how to fund bank rescues as part of their wider project to set up a banking union. The union is key to their plans to strengthen the financial sector avoid a repeat of the crisis, according to CTV. The bloc should move swiftly and get all elements of the banking union running by 2015, well before the initial deadline of 2018, added Dijsselbloem, who also chairs the meetings of the 17-country eurozone's finance ministers and BRUSSELS, Belgium -- European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors, including the holders of large deposits as a last resort. "This is at the moment the biggest project for Europe," said Dutch Finance Minister Jeroen Dijsselbloem. "It's absolutely important to get it right." (www.immigrantscanada.com). As reported in the news.