Dijsselbloem Says Euro Troubled Lenders Must Fend for Themselves
This article is for subscribers only.
Dutch Finance Minister Jeroen Dijsselbloem, who committed taxpayer funds to take over SNS Reaal NV last month, said troubled lenders in the euro area must now fend for themselves as part of future regional rescues.
Dijsselbloem, who leads the group of 17 euro finance ministers, said imposing losses on depositors and bondholders can be part of the bailout toolkit after such measures were taken to avoid default in Cyprus.