Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup
MishTalk
DECEMBER 17, 2013
Throughout the talks, Germany and other rich euro-zone countries such as Finland made clear that they didn''t want their taxpayers to pay for problems that had developed in other countries'' banks in the past. 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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