Alasdair Macleod: The Ghost of Bail-ins Past Returns to the Financial Stage

Sunday, July 13, 2014
By Paul Martin

SilverDoctors.com
July 13, 2014

Confirmation of why Europeans might be buying physical gold arises from concerns over the financial health of Portugal’s Banco Espirito Santo, which has undermined share prices of the entire Eurozone banking sector. The ghost of the Cyprus bail-in may be returning to the financial stage. Also this week Germany reminded us that large deposits are going to be subject to bail-ins if a bank fails, because the German cabinet resolved to put forward the necessary legislation for the New Year.

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