06.04.2013 - 14:55 [ Keep Talking Greece ]

Olli Rehn: EU Commission prepares directive to seize bank deposits above €100,000

The idea to bail-in banks with depositors’ money will soon be more than just an idea – or a “Cyprus template” as Eurogroup head Jeroen Dijsselbloem said two weeks ago. It will be decided through an EU directive, as economic affairs commissioner Olli Rehn announced on Saturday in a television interview.