European Official Calls for Bank Bail-In From 2016 – Magazine!

• European official calls for bank bail-in from 2016-magazine! 
  by Reuters, Oct 20, 2013
  The head of the Eurogroup Working Group has proposed an earlier start of ‘bail-in’ arrangements which force bondholders to share losses in a bank failure, in a bid to win over German concerns over creating a banking union, a magazine reported.
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  Thomas Wiesner suggested to the group of European negotiators that ‘bail-in’ rules should come into effect from 2016, German weekly Der Spiegel reported on Sunday. His proposal was received well at the meeting, the magazine said.
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  The ‘bail-in’ rules, which are due to come into effect in 2018, are part of euro zone plans to unify and strengthen the supervision and support of banks across the bloc, known as banking union.
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  European governments, which bailed out dozens of banks with billions of euros of state aid after the financial crisis, want to avoid costly future rescues.
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