Reports Germany’s Die Welt. Say’s EU’s Barnier will present proposals tomorrow that will focus on money market funds.
Not sure where he’ll be presenting but I’ll assume it’s at the G20 finance ministers meeting which runs today and tomorrow ahead of the G20 leaders meeting.
EU’s Barroso also on the wires saying that there is no silver bullet for EU economic recovery (not at the current spot prices anyway) and that banking union requires a single European supervisor.