European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels.
The agreement is expected to begin with a Cyprus-style "bail-in" process in which major depositors in failing banks are tapped first in an effort to support the lender.
http://www.cnbc.com/id/101263206
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The agreement is expected to begin with a Cyprus-style "bail-in" process in which major depositors in failing banks are tapped first in an effort to support the lender.
http://www.cnbc.com/id/101263206
No comments...
so hmmm do we declare capital gains before or after the bank steals our money? i'm confused.
I wonder if this also impacts funds held in the markets by customers of banks. What it could do is drive stagnant money into the system. It will look for homes (Bitcoin is one
