European Union finance ministers have agreed an outline plan on how to rescue troubled banks, without leaving taxpayers to face the bill. The banks' creditors and shareholders will take the first hits, followed by savers with deposits of more than 100,000 euros. If that is not enough, government help will be called upon and taxpayers will be among the last to shoulder losses. EU taxpayers have had to pay for a series of bank rescues in recent years. Dutch Finance Minister Jeroen Dijsselbloem said the outline deal marked a big change in the way that troubled banks are bailed out.
News On AIR | June 27, 2013 2:53 PM
EU Fin Mins agree on plan to rescue troubled banks without burdening taxpayers