EU's Rehn: EU members to respect direct bank recaps

Reuters

EU Economic and Monetary Affairs Commissioner Olli Rehn said on Monday he expects euro zone members to respect their commitments regarding direct bank recapitalizations as agreed at a summit in June.

Rehn was speaking in Madrid after a meeting with Spanish Economy Minister Luis de Guindos.

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(Reporting By Sarah Morris; Writing by Tracy Rucinski; Editing by Nigel Davies)