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Bundesbank threatens to leave Basel talks if demands not met

EU opposition to parts of the Basel Committee's proposals has already turned the talks into a hard slog

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Mr Dombret has said that Germany will not accept a deal at any price and has laid out a series of demands, including two essential areas of action, for the Basel Committee meeting later this month.

Brussels

GERMANY'S Bundesbank delivered an ultimatum to other major banking powers including the US that it will walk away from talks on revamping global capital rules unless its key demands are met.

Andreas Dombret, a member of the Bundesbank Executive Board, said on Tuesday that

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