(Telegraph) Europe unveils sweeping plans to govern reckless banks

Brussels has called for sweeping powers for regulators to seize failing EU banks, sack board members, and impose haircuts on senior bank debt, aiming to ensure that taxpayers are never again held hostage by high finance.

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Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Credit Markets, Currency Markets, Economy, England / UK, Euro, Europe, European Central Bank, Greece, Ireland, Portugal, Spain, The Banking System/Sector

One comment on “(Telegraph) Europe unveils sweeping plans to govern reckless banks

  1. Archer_of_the_Forest says:

    That sounds exactly like the platform Hitler ran on in 1932.