Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins

the real story for taxpayers and depositors is the heightened threat to their pocketbooks of a deal that now authorizes both bailouts and “bail-ins” – the confiscation of depositor funds. The deal involves multiple concessions to different countries and may be illegal under the rules of the EU Parliament; but it is being rushed through to lock taxpayer and depositor liability into place before the dire state of Eurozone banks is exposed.
The post Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins appeared first on BSNEWS.

Related posts:

1. Bail-out Is Out, Bail-in Is In
2. Ellen Brown on Bail-ins (the Big Disaster Coming), GMO Foods, Trans Pacific Partnership (TPP)
3. The Democratization of Banking