Finance ministers from the 18 euro zone countries still cannot...

Finance ministers from the 18 euro zone countries still cannot decide on the Single Resolution Mechanism (SRM - yet another post-GFC acronym...:) proposed details for the bailout of Europeans banks.

The SRM would only offer a misely €55 billion fund financed through bank levies (the money has yet to be collected) and it's yet to be finalised how they would decide which banks to bailout with this (non-existent) fund. Read more here;

http://www.irishtimes.com/business/economy/euro-zone-states-to-focus-on-bank-resolution-authority-1.1693897

The proposed bailout of European banks is much more likely to result in forced 'bailins' - just as they did with Cypriot banks.