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Europe Daily Bulletin No. 10843

9 May 2013
ECONOMY - FINANCE - BUSINESS / (ae) banking
Mersch sets out 3 bail-in criteria

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....

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