EU lawmakers divided on compulsory bail-ins for savers

With the dust yet to settle on a last-minute bailout for Cyprus agreed on 25 March 2013, the European Parliament is expected to propose a future mandatory levy on savings worth more than €100,000.

EU lawmakers are divided on whether large holders of large bank deposits should face compulsory levies if their bank hits difficulties.

• Primary Source

ESO: Background information: Eurogroup Statement on Cyprus, 25.03.13 http://www.europeansources.info/record/eurogroup-statement-on-cyprus-2/

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