The European Commission has proposed long-awaited new rules on how to deal with bailouts of troubled banks, following banking disruptions in both the US and Europe.
The proposal, to be negotiated by EU member states and MEPs, encourages the use of "safety nets" financed by the banking sector itself to protect depositors in the event of a crisis, rather than the use of public funds.
Source (Al Arabiya.net Website, Edited)
