Denmark’s government said its proposals from May to ease Basel III liquidity rules will probably prevail when the European Commission reveals its final decision on the matter this month.
Danish Economy Minister Margrethe Vestager said the European Union should press ahead with plans for a joint mechanism to handle failing banks, rather than delay it as Germany would like.
Denmark is ready to do for its two- centuries-old mortgage system what European Central Bank President Mario Draghi has done for the euro: whatever it takes.
Danish Economy Minister Margrethe Vestager said European Union officials haven’t yet resolved how to include non-euro nations in financial supervision decision- making at the European Central Bank.
Denmark is in talks with some of Europe’s most powerful governments to ensure a plan to give its covered bonds second-class liquidity status is dismissed.
Denmark’s government said this month’s budget proposal won’t include a new stimulus plan, arguing additional aid can’t repair structural flaws that are holding back Scandinavia’s weakest economy.
"The more concrete you can communicate about the benefits of structural reform, the better."
- Margrethe Vestager on Jul 08, 2014