The International Resource Journal: EU bank fund plan encouraging

EU bank fund plan encouraging
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Resource News on 12 July, 2010 10:22:00
 
IRJ July 12 - Proposals are being discussed by Europe’s top banks to
create a bailout fund that would include the wider financial system contributing
to financial rescues, said the EU Financial Services Chief.
Two ideas were backed by EU Internal Market Commissioner Michel Barnier –
taxpayers should not have to pay for bank bailouts and that banks should pay for
bank rescues.