Thursday 17 October 2013

Unlike in the European Union about the help troubled banks

Shell and finance ministers from the European Union to agree on the issue of saving troubled banks in the future. Minister is still divided on whether to owners accounts Altovirahml part of the burden of bailing out banks , after 20 hours of talks that they conducted on Saturday.
And will debate the issue again before the meeting of the heads of EU governments Wednesday.


He said French Finance Minister Pierre Moscovisa , saying, " I have no doubt that we will reach an agreement."


The talks focused that took place in Luxembourg on Sunday to enact new laws that determine the priority bear the burden of banks by investors and creditors.


The participants disagreed about whether the model followed in the Cypriot bank rescue plans in the future.


It is reported that Britain want to enjoy a margin of freedom about whether the savings account holders will be charged some of the burden .


It is noteworthy that Britain is one of the ten countries in the European Union that have not joined the euro zone.


Has in the European Union countries to pump tens of billions to deal with troubled banks , especially in Ireland , Cyprus and Spain.


In all cases , the governments bearing bank bills , which led to fears in the markets that are larger than bank debt that governments can bear .


The resulting complexity of the problem is that governments typically resort to banks for loans when needed.


Thread has changed recently when Cyprus got a loan of 10 billion euros from its partners in the European Union and the International Monetary Fund ( IMF ) , Cyprus resorted to taxing the major investors in the banks were able through and through reforms in the banking sector to provide 13 billion euros.


A previous attempt to impose taxes on savings accounts in Cypriot banks , including those with a value of less than 100 thousand euros , has caused panic in the markets.
The finance ministers agreed on the broad outlines of how to enter the euro zone countries to rescue troubled banks by injecting liquidity directly , where it will be possible to inject 60 billion euros to contribute to the creditors and local governments to shoulder the burden

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