Brussels, 08/04/2013 (Agence Europe) - Euro Commissioner Olli Rehn says that in the future, bank bailouts should be able to dip into investments and savings of more than the guaranteed €100,000.
A new EU directive is currently being negotiated by the Council of Ministers and European Parliament that would harmonise bank recovery systems and introduce “bail-in” measures to raid savings and investments in order to cut the cost of bank bailouts to the taxpayer (see EUROPE 10818). The...