EU explores account freezes to prevent runs at failing banks

Zeepertje, , ,

BRUSSELS (Reuters) – European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.

Afbeeldingsresultaat voor European Central Bank (ECB) headquarters building is seen in FrankfurtThe move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.

The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.

It also come amid a bitter wrangle among European countries over how to deal with troubled banks, roughly a decade after a financial crash that required the European Central Bank to print billions of euros to prevent a prolonged economic slump…

readmore>>
reuters

Onbekend's avatar

Gepubliceerd door Zeepertje

When you're scared of jumping, you'll never get anywhere... I'm a Kafir, a crusader against the most evil ideology islam. I have in depth knowledge and that's the reason I resist and reject islam, I will bash and smash it, in every possible way at every possible moment to every possible person. I gather and therefore expose all news on islam or islam-related news on the 2017 initiated site ZEEPERTJE.COM Please join and feel free to react. Fight islam for it's the evil of our time, evil trying to dominate and kill democracy, kill all freedom of speech and freedom of religion... Islam means annihilation of all that is non-islamic, AND the proces of islamization is, together with the promotion of the leftist "progressive" behaviour (like transgender /multiculti /mass-migration /interrace-marriage promotion and therefore destruction of Western (family) values) the blower on the machine called Zionism. The total submission/destruction of the Goyim/Kafir so Human Kind! Just always remember this!

Plaats een reactie

Deze site gebruikt Akismet om spam te bestrijden. Ontdek hoe de data van je reactie verwerkt wordt.