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Broken eurozone banks should be allowed to fold: bank chief

11.02.14 @ 08:55

  1. By EUOBSERVER

Banks should be allowed to sink if they fail a health check on their balance sheets, the bloc's new banking supervisor said in the Financial Times. Daniele Nouy, who heads the bloc's new supervisory authority, said banks should "disappear in an orderly fashion," and not be merged with other banks.