Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup
MishTalk
DECEMBER 17, 2013
The latest proposals could see up to 126 people being consulted on how to wind up a bank, even though agreement might need to be reached over the course of a weekend while financial markets are closed. In 2020, for instance, about €12.5bn of joint funds would be available, which amounts to perhaps a €3bn German contribution.
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