In These New Times

A new paradigm for a post-imperial world

EU forges bank bailout deal to protect taxpayers

Posted by seumasach on June 27, 2013

“Bail-in is now the rule,” Ireland’s finance minister, Michael Noonan, said. The rules put an end to moral hazard by making it clear that banks would suffer before the government might come in to help, if at all, he said. “This is a revolutionary change in the way banks are treated.”


27th June, 2013


The European Union has struck a deal on rules establishing who will pay for future bank bailouts without taxpayers having to foot the bill.

Read more

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: