Brussels, 06/06/2012 (Agence Europe) - On Wednesday 6 June 2012, the European Commission unveiled a draft directive on the restructuring or winding down of banks within the single market, avoiding as far as possible public bailouts and scenarios à la Northern Rock, Fortis and Dexia (see EUROPE 10627 and 10586). Carefully prepared prevention is much cheaper than repairing banks at the last moment, commented EU Internal Market Commissioner Michel Barnier, saying that it was time for taxpayers...