Euro zone must fulfill banking union agreements - Spain PM

MADRID Mon May 13, 2013 9:23am EDT

MADRID May 13 (Reuters) - Spanish Prime Minister Mariano Rajoy on Monday called for the euro zone to move ahead with the creation of a bank resolution mechanism as part of an agreement to form a banking union in the area.

Rajoy told a joint news conference with Portuguese Prime Minister Pedro Passos Coelho that a deposit guarantee fund for European banks was also key to fulfilling banking union agreements.

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