Brussels, 02/05/2013 (Agence Europe) - On Thursday 2 May, member states' ambassadors to the EU discussed the draft directive to harmonise national bank restructuring schemes. The Irish Presidency of the Council of the EU asked them about the best approach to bail-in options in EU law.
In the event of a bank going under, bail-in measures will raid the investments and savings in the bank before any call is made in the last resort for taxpayers' money. Harmonised rules have become urgent...