EU Stance in Italian Bank Bail-In Talks Boosted by Top CourtBy
Decision is show of support for EU system of ‘bail-in’
Comes as Italy and EU seek solution on investor burden-sharing
The European Union’s top court backed EU guidelines designed to prevent taxpayers from footing the bill for bailing out stricken lenders, strengthening the hand of Brussels regulators as Italy fights to shield some bondholders caught up in the nation’s banking crisis.
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