Europe’s Deal on Pushing Cost of Bank Failure to Investors

In a deal designed to protect taxpayers who have borne the brunt of saving troubled banks, officials of the 27-nation European Union have decided to force investors and wealthy savers to share the costs of future bank failures. The plan, which would bring an end to years of taxpayer-funded bailouts of failed banks in the EU, would require shareholders, bond owners and depositors with $132,000 in their accounts to share the costs of saving troubled banks.

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