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Regions / Europe

Newsletter February 2014: Parliament knocks back Council’s SRM plans

Simon Turmaine | February 12, 2014

BRUSSELS – A plenary vote of the European Parliament confirmed by 441 votes to 141 the mandate of parliamentary negotiators in trialogue discussions with the European Commission and Council over the creation of a single resolution mechanism (SRM). Parliamentary negotiators, led by Elisa Ferreira, had previously rejected the Council’s proposed SRM governance as unwieldy and granting too much power to national authorities (see cover story in last GRR).

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