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BELGIUM: Private sector to share burden of Spanish bank restructuring but senior bank bondholders and depositors will not bear burden of the banks recapitalisation says European Commission

The private sector will be involved in bearing the cost of restructuring Spain's banks, but senior bank bondholders and depositors will not be affected by such burden-sharing, a spokesman for the European Commission said on Wednesday (July 11). "Once we are at that stage we will have a clear sense of the costs of restructuring on a bank by bank level. We will work on the principle that private sector participation in the distribution of losses is necessary in order to ensure that taxpayers do no...

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Category:Economic News European Union
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BRUSSELS, BELGIUM (RECENT) (REUTERS) EXTERIOR OF EU COMMISSION EU FLAGS...

BRUSSELS, BELGIUM (RECENT) (REUTERS) EXTERIOR OF EU COMMISSION EU FLAGS

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BRUSSELS, BELGIUM (RECENT) (REUTERS) FLAGS EU COMMISSION BUILDING...

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