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Banks and Failures, Change the Rules: Savers Safe, on Who Will Weigh the Crac
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In virtually no case will the cost of bank failures be borne by the taxpayers. In the case of a banking crac everything will weigh on shareholders, creditors or security networks funded by the sector. This is what is stated in the new agreement on the tools to deal with bank failures and protect taxpayers and deposits reached in the ECON Commission (European Parliament's Economic and Monetary Problems). Banks and failures change the rules: safe …
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