Tag Archives: Christian Rickens

Der Spiegel – Christian Rickens – EU Banking Deal: Why It Will Be Ignored In Times Of Trouble – 28 June 2013

People queue up outside a bank in Nicosia: The bail-in seen in Cyprus will now be the standard for Europe. People queue up outside a bank in Nicosia: The bail-in seen in Cyprus will now be the standard for Europe.

Under a new EU deal on banking liquidations, banks and investors are supposed to get hit before taxpayers. The stricter the rules, though, the less likely politicians are to follow them. Here’s how this might play out in the next crisis.

Read the whole story at:  www.spiegel.de / link to original article