Tag: bank bail-in

Bank Bail-ins Are Now Regulated By Eurozone Finance Ministers

Bank Bail-ins Are Now Regulated By Eurozone Finance Ministers

The Irish Times writes today that EU finance ministers have agreed a set of rules that could be used to wind up insolvent banks. In future, banks creditors – including potentially savers – would suffer losses should European financial institutions collapse. That comes after Irish Minister for Finance Michael Noonan said “Bail-in is now the rule” back in June of this year.

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A Closer Look At Bank Bail-Ins And The Black Hole Of Our System

A Closer Look At Bank Bail-Ins And The Black Hole Of Our System

This is exactly what happens every time when a bubble collapses because the cause of the bubble is bank leverage! When the bubble collapses, the leverage is gone but “it exists in a negative sense”: so much more is owed than ever existed in the first place. This is the black hole of the current economic and monetary system.

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IMF Discusses A Super Tax Of 10% On All Savings In Eurozone

IMF Discusses A Super Tax Of 10% On All Savings In Eurozone

One of the latest reports from the IMF discusses a super taxation of 10% on savings in the Eurozone. That would solve the debt problem in most sovereign countries. It would be an alternative of higher taxes or spending cuts.

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