Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: Nickbat on 06 June 2012, 00:13:55

Title: EU unveils plan to protect taxpayers from failing banks
Post by: Nickbat on 06 June 2012, 00:13:55

"The European Commission on Wednesday will unveil new proposals designed to stop taxpayers' money being used to bail out failed banks.

They aim to ensure losses are borne by bank shareholders and creditors and minimise costs for taxpayers."

http://www.bbc.co.uk/news/business-18333240 (http://www.bbc.co.uk/news/business-18333240)

Oh, wait, I forgot this bit....

"The changes will not be introduced before 2018."

 ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ::) ::) ::) ::) :'( :'( :'( :'(

Title: Re: EU unveils plan to protect taxpayers from failing banks
Post by: omega3000 on 06 June 2012, 10:19:41

Quote from: Nickbat on 06 June 2012, 00:13:55

"The European Commission on Wednesday will unveil new proposals designed to stop taxpayers' money being used to bail out failed banks.

They aim to ensure losses are borne by bank shareholders and creditors and minimise costs for taxpayers."

http://www.bbc.co.uk/news/business-18333240 (http://www.bbc.co.uk/news/business-18333240)

Oh, wait, I forgot this bit....

"The changes will not be introduced before 2018."

 ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ::) ::) ::) ::) :'( :'( :'( :'(

 :( :(  enough time for them to bag more of our money before it all goes pop which wont be long  :-X

Title: Re: EU unveils plan to protect taxpayers from failing banks
Post by: Varche on 06 June 2012, 17:39:53

You can bet your bottom dollar(Euro? Pound?) that whatever happens it will be the drones(us in other words) that pay regardless of the legislation.

Nice to see lots of emergency meetings but as ever no decisions coming out of them.