Brussels, 02/04/2013 (Agence Europe) - Four member states, Germany, Finland, the Netherlands and Denmark, have gone on the offensive together to demand that the bail-in provisions in the draft directive on bank recovery and resolution should be brought forward to 2015 to cut the cost to taxpayers of bailing out banks. They made the demands at the end of March, in the midst of the Cypriot bailout talks.
“There is a considerable risk that, in the absence of this source of financing,...