* * * His Excellency, the New Zealand High Commissioner to Fiji, Mr Jonathan Curr; Mr Levan Bouadze, UNDP Resident Representative; Invited Guests; Ladies and Gentlemen. A very good morning to you all.
A ruling of the European Court on this case is expected early next week. The court ruling may have serious ramifications for the efforts under way to establish an effective Banking Union in Europe. Considerable momentum has developed in favor of bail-in centered banking resolution.