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Politicians are afraid that “their” banks can pay for failing banks in different nations if there have been a European deposit assure scheme.However by the Single Decision Fund, they’re already paying into it.
The speak lasts solely half an hour, however Dominique Laboureix emphasizes as much as thrice that’we should not be complacent.’ Sure, says the Chair of the European company that resolves failing banks, it was clear through the banking turmoil earlier this 12 months that confidence in European banks was greater than confidence in U.S. or Swiss institutions-there was no contagion. But that’s in his eyes is just an encouragement. We now have to work laborious to make this system much more safe.
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