Brussels, 07/05/2013 (Agence Europe) - Yves Mersch, a member of the European Central Bank's Executive Board, has set out three criteria for deciding on bail-in options for saving a struggling bank.
“We come from an Irish case where it was all bail-out, to a Cypriot case where maybe it will be excessive bail-in. The European Commission proposal will be somewhere in between, with a single tool box. Criteria for bail-in tools: financial stability, effects on real economy, cost to taxpayer....