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Tag: failing banks

Finance ministers strike deal to stem bank bailouts - 27 June 2013 - News

European finance ministers agreed on Thursday (26 June) to force investors and wealthy savers to share the costs of future bank failures, moving to put an end to unpopular taxpayer-funded bailouts that prompted outrage during the financial crisis.

Brussels mulls cross-border rules to wind up failing banks - 30 May 2012 - News

European Union countries could be obliged to bail out one another's struggling banks, according to a draft EU law that marks a big step towards greater EU financial integration likely to upset some members, particularly Germany.

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