The EU and western drive toward bail-ins continues unabated. So too does the increasing uncertainty for investors in European financial institutions and depositors in European and western banks.
The coming bail-in regime raises the spectre of the effective loss of their investments and savings due to the new legislation which will again bail out insolvent banks.
On July 8, the Austrian government had its parliamentary groups pass special legislation for a bail-in of Hypo Alpe Adria bank (HAA), in the range of nearly EUR 900 million.
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Does the above Socialist look familiar to people in Murphy?
David DeGerolamo
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