Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup
MishTalk
DECEMBER 17, 2013
A Financial Times analysis of the full banking union resolution process for a lender operating in three countries reveals the labyrinthine procedure that would still be required to wind up a bank. At the heart of the disagreement is what to do when so-called bank resolution funds, financed by the banking sector, run out of money.
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