EU lawmakers are divided on whether large holders of large bank deposits should face compulsory levies if their bank hits difficulties.
With the dust yet to settle on a last-minute bailout for Cyprus agreed on Monday (March 25), the European Parliament is expected to propose a future mandatory levy on savings worth more than €100,000.
Gunnar Hokmark, the Swedish centre-right MEP charged with piloting draft legislation on a pan-EU bank resolution regime through parliament, has said...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.