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Wednesday, June 26, 2013

EU to try again over rules for bank rescues.

 EU finance ministers are due to make a second attempt this evening to decide on the regulations for coping with bank failures. Talks last weekend were unsuccessful following division over how much leeway governments should have. Germany is pushing for an EU standard in which losses would be imposed on shareholders, bondholders and deposits of over €100,000. France, Britain, Denmark and Sweden want flexibility in whether to take such steps.

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