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EU finance ministers are due to make a second attempt this evening to decide on the rules for...

EU finance ministers are due to make a second attempt this evening to decide on the rules for coping with bank failures. All-night talks last weekend were unsuccessful following division on how much leeway governments should have. Germany is pushing for an EU standard in which losses would be imposed on shareholders, bondholders and then deposits of over €100,000. France, Britain, Denmark and Sweden want flexibility in whether to take such steps.
Comments (1)
  • Villi Grdovich
    , contributor
    Comments (590) | Send Message
     
    I can't believe it. The fact is that a properly run bank would find it hard to fail. What about just getting tough old fashioned management instead of the current breed. That would be just about enough.
    26 Jun 2013, 03:41 AM Reply Like
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