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Europe Daily Bulletin No. 10720

30 October 2012
ECONOMY - FINANCES / (ae) ep/finance
Hökmark says taxpayers' money only to be last resort

Brussels, 29/10/2012 (Agence Europe) - The European Commission's suggestion that the EU introduce a bail-in system where struggling banks sort themselves out by selling off some of its assets will make bank creditors act more responsibly and taxpayers' money must only be used as a last resort after all other, private sector, means have been tried and when failure to apply a public sector bailout would cause even worse consequences for financial systems and ordinary people. These are the two...

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ECONOMY - FINANCES
INSTITUTIONAL
SECTORAL POLICIES
EXTERNAL ACTION
BUSINESS NEWS NO 38
WEEKLY SUPPLEMENT