Germany on track for EU clash over bank-failure rules
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Berlin
GERMANY is on a collision course with the European Commission over enforcing bank-failure rules the European Union introduced two years ago to end an era of taxpayer bailouts.
The finance ministry in Berlin is warning against "watering down" the rules, including a requirement to impose losses on investors and the introduction of powerful authorities overseeing bank failures. Its warning comes shortly after a discussion paper of commission staffers suggested softening those rules in upcoming legislation.
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