EU Banking Deal Why It Will Be Ignored in Times of Trouble

Under a new EU deal on banking liquidations, banks and investors are supposed to get hit before taxpayers. The stricter the rules, though, the less likely politicians are to follow them. Here's how this might play out in the next crisis.
People queue up outside a bank in Nicosia: The bail-in seen in Cyprus will now be the standard for Europe.

People queue up outside a bank in Nicosia: The bail-in seen in Cyprus will now be the standard for Europe.

Foto: AFP