European banks are safer today because they have to follow a single rule book.
The next step is to put a safety net in place so that, if there _is_ big trouble, the taxpayer is not the first on the hook to bail out the bank.
So, what could a European backstop mean for taxpayers?
Let’s start by looking at what’s changed since “European banking union rules”:https://ec.europa.eu/info/sites/info/files/171011-banking-union-factsheet_en.pdf were introduced after one of the continent’s worst fi…
READ MORE : http://www.euronews.com/2018/02/20/backing-up-europe-s-banks
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