ECB watchdog tells Europe to prepare to shut "zombie" banks

Euro zone countries must prepare to shut their failing "zombie" banks and quickly pool the money to do it, the bloc's top regulator said on Tuesday, ahead of a warts-and-all investigation of its still-fragile financial system. Daniele Nouy's comments, including her plea for countries to form a united front in solving the problem, give an early indication of how the bloc's chief banking …

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