About: bank failures

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Banking union 15-04-2014

Parliament gives green light to Banking Union

European Parliament president Martin Schulz has called it a historic project, on par with the Single Market.
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Banking union 12-12-2013

EU strikes deal on resolution mechanism for failed banks

Negotiators from the European Union’s 28 member states agreed on a Single Resolution Mechanism to save bankrupt banks on Wednesday, putting together a central piece of the EU’s banking union puzzle which aims at sparing taxpayers from bailing out failed banks in the future.