EU Bail Fund conditions get complicated

[ATCclears]

<broken link removed>

"A 300-page draft EU law that forms the basis of discussions recommends a pecking order in which first bank shareholders would take losses, then bondholders and finally depositors with more than 100,000 euros ($132,000) in their account."

In other words, one would be a fool to keep more than $132,000 in their account going forward...

Peter

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[erudne]

&#8212; Germany has blocked a European Union agreement on capping car carbon emissions because the deal could have cost jobs and harmed its domestic auto industry, officials said Friday.

The blunt admission that Europe's biggest economy put business interests before so-called "green" standards that are supposed to save the world is at odds with Germany's image as a champion of "green" issues
It?s the Economy, Stupid: Germany Says it Won?t Impose These EU Regulations Because It?s Trying to Protect Jobs | TheBlaze.com

 

[knuckle Head]

coming to a bank near you, me and everyone else soon enough.

They get to make stupid decisions, get paid for make stupid decisions, get bonuses for making stupid decisions and then the people get to lose money, paying for the stupid decisions they made.

Does anything make any sense anymore.