Battle Cry of the Day: Save the Bondholders; Failed Bank Resolution on Verge of Unraveling Days Before Ratification
MishTalk
APRIL 7, 2014
In lengthy negotiations last month the EU reached a deal on how to handle failed banks. The drafting remained unclear, however, and officials are still pressing for clarity on how it could be used and whether it would clash with EU competition rules curbing state aid. Taxpayers have put about €473bn into European banks since 2008.
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