EU agrees bad-loan rules, stricter provisioning schedule
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BRUSSELS (Reuters) - European Union lawmakers and governments on Tuesday reached a political agreement on new rules for the money that banks should set aside against possible losses from new loans that turn sour.The compromise softens an initial proposal by the European Commission, but less than sought by the EU parliament, which accepted a stricter provisioning calendar for banks .The rules are meant to avoid a future build-up of bad loans at banks, which have hampered the EU's economic..