Tag Archives: Eurocrats Authorize Bailouts – And Bail-Ins

Occupy.com – Handing Bankers A Win-Win, Eurocrats Authorize Bailouts – And Bail-Ins – 3 April 2014


By Ellen Brown

“As things stand, the banks are the permanent government of the country, whichever party is in power.” – Lord Skidelsky, House of Lords, U.K. Parliament, 31 March 2011)

On March 20, 2014, European Union officials reached an historic agreement to create a single agency to handle failing banks. Media attention has focused on the agreement involving the single resolution mechanism, a uniform system for closing failed banks.

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