EU ministers to hold special meeting on Basel III bank rules

Brussels (dpa) - European Union finance ministers are to hold a special meeting on May 2 to discuss ways to apply the Basel III bank capital rules, diplomats said in Brussels Wednesday.The Basel III rules were agreed internationally in 2010 and should be applied gradually over 2013-2019. By strengthening capital and liquidity requirements for banks, they aim to stave off a repetition of the 2008